EFIL to raise up to Rs 250 cr via NCDs

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Published: January 23, 2020 9:15:01 AM

NCDs would have a face value of Rs 1,000 each.

efil, ncdsNCDs offer an effective yield of up to 10.25% per annum.

Edelweiss Finance & Investments (EFIL), the NBFC arm of Edelweiss group, on Wednesday announced the public issue of secured redeemable non-convertible debentures (NCDs) to raise up to Rs 250 crore for onward lending and other purposes. NCDs offer an effective yield of up to 10.25% per annum.

The issue will remain open from January 23 to January 31 with an option of early closure. NCDs would have a face value of Rs 1,000 each. The base issue size is Rs 125 crore, with an option to retain over-subscription up to Rs 125 crore.

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