The NCDs, each with a face value of ₹1,000, offer effective annual yields ranging from 9.00% to 10.49%. The instruments will be issued in 12 different series, with tenures of 24, 36, 60, and 120 months, offering investors the choice of annual, monthly, or cumulative interest payment options, according to a statement.
The issue opens on Tuesday, July 8, 2025, and will close on Monday, July 21, 2025, subject to early closure depending on subscription levels.
The NCDs have received a credit rating of ‘Crisil A+/Stable’ from Crisil Ratings Limited, indicating adequate safety regarding the timely servicing of financial obligations.
The proceeds from the issue will be primarily used for the repayment or prepayment of principal and interest on existing borrowings (at least 75%), with the remainder allocated to general corporate purposes, under SEBI’s Non-Convertible Securities Regulations, 2021.
The debentures will be issued in dematerialised form only and will be listed on BSE Limited, providing investors with liquidity. Allotment will be determined in consultation with BSE, based on the date of application upload. In case of oversubscription on any day, allotments will be made on a proportionate basis.
Lead Managers to the issue include Trust Investment Advisors Private Limited, Tipsons Consultancy Services Private Limited, and Nuvama Wealth Management Limited, which, as an associate of EFSL, will only participate in marketing the issue in compliance with SEBI regulations.
Edelweiss aims to attract retail and institutional investors with competitive yields and a stable outlook, underlining its commitment to strengthening its capital structure and managing debt obligations prudently.