Edelweiss Financial Services to raise Rs 200 cr via public issue of NCDs

The company's public issue will open for subscription on Tuesday and will close on Jan. 23

edelweiss financial services
The company is offering bonds maturing in two years, three years, five years and 10 years at an annual coupon in the 9.00%-10.45% range for investors
Reuters MUMBAI
1 min read Last Updated : Jan 02 2023 | 4:03 PM IST

MUMBAI (Reuters) - Edelweiss Financial Services plans to raise at least 2 billion rupees ($24.19 million) through the public issue of non-convertible debentures, according to a term sheet.

The company's public issue will open for subscription on Tuesday and will close on Jan. 23. The issue also has a greenshoe option to retain an additional 2 billion rupees.

The company is offering bonds maturing in two years, three years, five years and 10 years at an annual coupon in the 9.00%-10.45% range for investors.

Equirus Capital Services is the lead manager for the bond issue, rated AA- by CRISIL.

($1 = 82.6625 Indian rupees)

 

(Reporting by Bhakti Tambe; Editing by Sohini Goswami)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Edelweiss Financial ServicesFundraising

First Published: Jan 02 2023 | 4:02 PM IST

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