Edelweiss Financial Services to raise funds via public issue
Edelweiss Financial Services plans to raise at least 2 billion rupees through the public issue of non-convertible debentures, according to a term sheet.... | January 2, 2023
The company's public issue will open for subscription on Tuesday and will close on Jan. 23. The issue also has a greenshoe option to retain an additional 2 billion rupees.
The company is offering bonds maturing in two years, three years, five years and 10 years at an annual coupon in the 9.00%-10.45% range for investors. Equirus Capital Services is the lead manager for the bond issue, rated AA- by CRISIL. ($1 = 82.6625 Indian rupees) (Reporting by Bhakti Tambe; Editing by Sohini Goswami)