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HomeNCD BondsEdelweiss Financial Services NCD April 2021 – Issue Date, Review & Interest...

Edelweiss Financial Services NCD April 2021 – Issue Date, Review & Interest Rates

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Edelweiss Financial Services NCD April 2021

Latest NCD 2021

Edelweiss is one of India’s leading financial services conglomerates, offering a robust platform to a diversified client base across domestic and global geographies.

Edelweiss key lines of business.

  • Credit (Retail, Corporate)
  • Investment & Advisory (Wealth Management, Asset Management)
  • Insurance (Life, General)

Edelweiss Financial Services Limited issued the Non-Convertible Debentures (NCD) subscription from 1st April, 2021 and ending on 23rd April,, 2021.

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Edelweiss Financial Services offering upto 9.70% interest rates on the NCDs. The NCDs tenure will be for 36 months, 60 months and 120 months

Edelweiss Financial Services NCD April 2021 Details

DesciptionDetails
Security NameEdelweiss Financial Services Limited
Security TypeSecured Redeemable non-convertible Debentures
Issue PeriodApr 01, 2021 – Apr 23, 2021
Issue sizeRs.2,000 million
Issue PriceRs.1000 per NCD
Face valueRs.1000 per NCD
Market Lot1 NCD
Minuimum Lot Size 10 NCD  (Rs.10000)
Listing At BSE
Credit Rating‘Acuite AA’: (Outlook: Negative) by Acuite
Ratings & Research Limited and
“BWR AA-/Stable (Assigned)” by
Brickwork Ratings India Private Limited
AllotmentFirst Come First Serve Basis

Also Read : Muthoottu Mini Financiers NCD March 2021 – Issue Date, Review & Interest Rates

Objects of the Issue

  1. For the purpose of repayment /prepayment of interest and principal of existing borrowings of our Company
  2. General Corporate Purposes

Terms of the NCDs – Interest Rates & Tenor

Tenure 36 months 36 months 60 months 60 months 60 months 120 months 120 months
Options I II III IV V VI VII
Frequency of Interest Payment Annual Cumulative Monthly Annual Cumulative Monthly Cumulative
Minimum Application 10 NCDs (Rs 10,000) (across all options of NCDs)
In multiples, of 1 NCD after the minimum application
Face Value of NCDs (Rs/NCD) Rs 1,000
Issue Price (Rs /NCD) Rs 1,000
Coupon (%) per annum 9.10% NA 9.16% 9.55% NA 9.30% 9.70%
Effective Yield (%) (per annum) 9.09% 9.10% 9.55% 9.54% 9.55% 9.70% 9.69%
Amount (₹ / NCD) on
Maturity for NCD Holders
in Category I, II, III & IV
1,000 1,299 1,000 1,000 1,578 1,000 1,000

Edelweiss Financial Services NCD April 2021 Lead Manager(s)

  • Equirus Capital Private Limited

Edelweiss Financial Services NCD April 2021 Registrar to the Issue

Edelweiss Financial Services NCD April 2021 – Documents

Red Herring Prospectus

Edelweiss Financial Services NCD April 2021 – Important FAQs

When is the Edelweiss Financial Services NCD April 2021 issue open date ?

The Edelweiss Financial Services NCD issue open date is on 1st April, 2021

When is the Edelweiss Financial Services NCD April 2021 issue close date ?

The Edelweiss Financial Services NCD issue close date is on 23rd April,, 2021

When is the price for one NCD for Edelweiss Financial Services NCD April 2021 issue ?

The price band is Rs 1000 per NCD and minimum lot size is 10 Bonds (Rs. 10,000)

How to Apply Edelweiss Financial Services NCD April 2021 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.

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