India New Issue-Edelweiss Financial Services to raise funds via public issue

Edelweiss Financial Services

02/01/2023 08:49

MUMBAI, Jan 2 (Reuters) - Edelweiss Financial Services
 EDEL.NS  plans to raise at least 2 billion rupees ($24.19
million) through the public issue of non-convertible debentures,
according to a term sheet.
    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)
 ((Bhakti.Tambe@thomsonreuters.com;))