Edelweiss Financial NCD December 2020
Edelweiss Financial issued the Non-Convertible Debentures (NCD) subscription from 23rd December, 2020 and ending on 15th January 2021.
Edelweiss Financial offering upto 9.95% interest rates on the NCDs. The NCDs tenure will be for 36 months, 60 months, 120 months
Edelweiss Financial NCD December 2020 Details
| Description | Details |
|---|---|
| NCD Issue Open | 23-Dec-20 |
| NCD Issue Close | 15-Jan-21 |
| Issue Size – Base | Rs 100.00 Crores |
| Issue Size – Shelf | Rs 100.00 Crores |
| Price Band | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Interest Rate | Upto 9.95% ** (Annually) |
| Minimum Lot size | 10 Bonds (Rs. 10,000) |
| Maximum Lot Size | 1,000 Bonds (Rs .10,00,000) |
| Credit Rating | “AA (Stable)” by ICRA “AA/Positive” by CRISIL |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Listing At | BSE |
Objects of the Edelweiss Financial NCD December 2020 Issue
The objects of the Issue and the amount proposed to be financed from Net Proceeds are:
- For the purpose of repayment /prepayment of interest and principal of existing borrowings of the Company (At least 75%).
- General Corporate Purposes (Maximum of up to 25%)
Edelweiss Financial NCD December 2020 Lead Manager(s)
- Equirus Capital Private Limited
Edelweiss Financial NCD December 2020 Registrar to the Issue
- Link Intime India Private Limited
Edelweiss Financial NCD December 2020 – Documents
Important FAQs
When is the Edelweiss Financial NCD Dec 2020 issue open date ?
The Edelweiss Financial NCD issue open date is on 23rd December, 2020
When is the Edelweiss Financial NCD Dec 2020 issue close date ?
The Edelweiss Financial NCD issue close date is on 15th January, 2021
When is the price for one NCD for Edelweiss Financial NCD Dec 2020 issue ?
The price band is Rs 1000 per NCD and minimum lot size is 10 Bonds (Rs. 10,000)
How to Apply Edelweiss Financial NCD Dec 2020 issue?
Apply from your demat account. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.
Also Read : Muthoot Finance NCD December 2020, Issue date, Review & Interest Rates