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

Edelweiss Financial Services

05/01/2024 10:50

MUMBAI, Jan 5 (Reuters) - India's Edelweiss Financial
Services plans to raise up to 2.5 billion rupees ($30.07
million) through the public issue of non-convertible debentures,
which includes a greenshoe option of 1.25 billion rupees, three
bankers said on Friday.
    The non-banking finance company's public issue will open for
subscription on Tuesday and will close on Jan. 22.
    The company is offering bonds maturing in 24 months, 36
months, 60 months and 120 months at annual coupon rates of
8.95%, 9.60%, 10.10% and 10.45%, respectively.
    The bonds are rated A+ by Crisil and Icra Ratings.

($1 = 83.1350 Indian rupees)

 (Reporting by Bhakti Tambe; Editing by Mrigank Dhaniwala)
 ((Bhakti.Tambe@thomsonreuters.comi))