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HomeNCD BondsEdelweiss Financial NCD December 2020 - Issue Date, Review & Interest Rates

Edelweiss Financial NCD December 2020 – Issue Date, Review & Interest Rates

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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

DescriptionDetails
NCD Issue Open 23-Dec-20
NCD Issue Close 15-Jan-21
Issue Size  – BaseRs 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 Size1,000 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:

  1. For the purpose of repayment /prepayment of interest and principal of existing borrowings of the Company (At least 75%).
  2. General Corporate Purposes (Maximum of up to 25%)

Edelweiss Financial NCD December 2020 Lead Manager(s)

  • Equirus Capital Private Limited
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Edelweiss Financial NCD December 2020 Registrar to the Issue

  • Link Intime India Private Limited

Edelweiss Financial NCD December 2020 – Documents

Red Herring Prospectus

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

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