Edelweiss To Raise Funds Worth Rs.400 Crore Via Public Fund Raising

Edelweiss Financial Services today announced the public issue of its secured redeemable non-convertible debentures of the face value of 1,000 each, amounting to Rs.200 crore, with an option to retain over-subscription up to Rs.200 crore to Rs.400 crore. There are ten series of NCDs carrying fixed coupon and having tenure of 24 months, 36 months, 60 months and 120 months with annual, monthly and cumulative interest option. Effective annual yield for NCDs ranges from 8.99 percent to 10.46 percent. At least 75 percent of the funds raised through this Issue will be used for the purpose of repayment/prepayment of interest and principal of existing borrowings of the company and the balance is proposed to be utilized for general corporate purposes

subject to such utilization not exceeding 25 percent of the amount raised in the Issue, in compliance with the Securities and Exchange Board of India (Issue And Listing Of Non-Convertible Securities) Regulations, 2021.

An additional incentive of 0.20 percent p.a. will be offered for all category of investors in the proposed tranche issue, who are also holders of ncd/bonds previously issued by the company, or group company

An additional incentive of 0.20 percent p.a. will be offered for all category of investors in the proposed tranche issue, who are also holders of NCD/bonds previously issued by the company, or group company, ECL Finance, Nuvama Wealth & Investment, Edelweiss Housing Finance, Edelweiss Retail Finance and Nuvama Wealth Finance. The NCDs proposed to be issued under this tranche I Issue have been rated 'CRISIL AA-/Negative (pronounced as CRISIL double A minus rating with Negative outlook)'and ACUITE AA-/ Negative'(pronounced as ACUITE double A minus).