Edelweiss Financial Services has issued Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1,000 each for an amount up to Rs 1,500 million (Base Issue Size), with a green shoe option of up to Rs 1,500 million, cumulatively aggregating up to Rs 3,000 million. The Issue has 12 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly and cumulative interest options. Effective annual interest yield on the NCDs ranges from 9.00% p.a. to 10.49% p.a. The NCDs proposed to be issued under the Issue have been rated Crisil A+/Stable.

At least 75% 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.

Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments - agency business and holding company activities.