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

Edelweiss Financial Services to raise funds via public issue

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)