Edelweiss Finance and Investments NCD 10.25%

Edelweiss Finance and Investments NCD 10.25%

Edelweiss Finance and Investments is coming up with secured NCDs now in 2020.

Edelweiss Finance and Investments Limited (EFIL) NCD Issue would open for subscription on 23rd January, 2020.

 Edelweiss Finance and Investments NCDs offer up to 10.25% interest rates. 

Issue start date  23-January 2020

Issue end date  31 January 2020

NCD’s are available in 9 different series. 

It offers NCD for 1.5 years, 3 years, 5 years and 10 year tenure.

Interest rates are between 9.7% to 10.25%.

These are secured NCDs.

Interest payable every month, every year and on a 

cumulative basis depending on the series chosen by the 

investor.

The face value of the NCD bond is Rs. 1,000.

Minimum investment is for the 10 bonds. Means, you need to invest for a minimum of Rs. 10,000. 

Beyond this you can invest in multiples of 1 bond.

These NCD bonds would be listed on BSE. 

Hence, these are liquid investments.

NRI’s cannot apply to this NCD subscription.

CARE has rated these NCDs as AA-/Stable and CRISIL 

rated them as AA-/Stable. The ratings of the NCDs by 

CARE, CRISIL and India Ratings indicate that instruments 

with this rating are considered to have a high degree of 

safety regarding timely servicing of financial obligations and 

carry very low credit risk.

The base issue size is Rs. 125 Crores with an option to 

retain over-subscription for another Rs. 125 Crores totaling 

to Rs. 250 Crores.

IDBI Capital and Edelweiss Financial Services are the Lead 

managers to the issue.

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