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

Edelweiss Financial Services

03/07/2023 09:55

MUMBAI, July 3 (Reuters) - India's Edelweiss Financial Services  EDEL.NS  plans to raise
at least 1.5 billion rupees  ($18.30 million) through the public issue of non-convertible
debentures, according to a press release by the company. 
    The non-bank financier's public issue will open for subscription on Tuesday and will close
on July 17, according to the release.
    The issue also has a greenshoe option to retain an additional 1.5 billion rupees.
    The company is offering bonds maturing in 24 months, 36 months, 60 months and 120 at an
annual yield in the 8.94% to 10.46% range for investors. These notes are rated AA- by CRISIL and
Acuite Ratings and Research.
    Equirus Capital is the lead manager for the bond issue.

    
    

($1 = 81.9450 Indian rupees)

 (Reporting by Bhakti Tambe)
 ((Bhakti.Tambe@thomsonreuters.com))