News Corporate Actions Edelweiss Financial Services Launches ₹3,500 Crore Secured NCD Issue With 10 SeriesEdelweiss Financial Services Launches ₹3,500 Crore Secured NCD Issue With 10 Series
Edelweiss Financial Services has significantly expanded its NCD offering to ₹3,500 crore from the initial ₹350 crore, featuring a base size of ₹1,750 crore with equal greenshoe option. The comprehensive issue includes 10 series with varying tenures and yields, secured by company assets with CRISIL A+/Stable rating.
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Edelweiss Financial Services has approved a comprehensive public non-convertible debenture (NCD) issue worth up to ₹3,500 crore, significantly expanding from the initially announced ₹350 crore offering. The Debenture Fund Raising Committee approved the enhanced issue structure on February 23, 2026, featuring a base issue size of ₹1,750 crore with an equal greenshoe option.
Issue Structure and Timeline
The public issue comprises 35,00,000 secured redeemable non-convertible debentures with a face value of ₹1,000 each. The issue will remain open for subscription from March 2, 2026, to March 16, 2026, with daily trading hours from 10:00 a.m. to 5:00 p.m.
| Parameter: | Details |
|---|---|
| Base Issue Size: | ₹1,750 crore |
| Greenshoe Option: | ₹1,750 crore |
| Total Issue Limit: | ₹3,500 crore |
| Face Value: | ₹1,000 per NCD |
| Issue Opening: | March 2, 2026 |
| Issue Closing: | March 16, 2026 |
Investment Series and Yields
The company has structured the offering across 10 distinct series, providing investors with tenure options ranging from 24 months to 120 months. The series offer varying coupon rates and effective yields to cater to different investor preferences.
| Series: | Tenor (Months): | Coupon Rate: | Effective Yield: | Interest Payment: |
|---|---|---|---|---|
| Series I: | 24 | 8.65% | 8.64% | Annual |
| Series II: | 24 | NA | 8.65% | NA |
| Series III: | 36 | 8.80% | 9.15% | Monthly |
| Series IV: | 36 | 9.15% | 9.14% | Annual |
| Series V: | 36 | NA | 9.15% | NA |
| Series VI: | 60 | 9.21% | 9.60% | Monthly |
| Series VII: | 60 | 9.60% | 9.59% | Annual |
| Series VIII: | 60 | NA | 9.60% | NA |
| Series IX: | 120 | 9.58% | 10.01% | Monthly |
| Series X: | 120 | 10.00% | 9.99% | Annual |
Security and Credit Rating
The NCDs are secured by a pari passu charge on the company's assets, including loans, advances, receivables, investments, and immovable properties, maintaining a minimum security cover of 100% of outstanding principal and interest. CRISIL has assigned an "A+/Stable" rating to the NCDs for an amount of ₹12,000 crore, indicating adequate safety regarding timely servicing of financial obligations.
Investment Terms
Investors can participate with a minimum application of ₹10,000 (10 NCDs) across all series, with subsequent investments in multiples of ₹1,000 (1 NCD). The NCDs will be listed on BSE Limited within three working days from the issue closure date. Series IV NCDs will be allocated to applicants who do not specify their preferred series choice.
Source: None/Company/INE532F01054/f3769634-95cb-4c56-b9d0-816c8a75f600.pdf
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