Edelweiss Financial launches ₹3,000 million NCD issue with yields up to 10.25%

The issue consists of a base size of ₹1,500 million with a green-shoe option to retain an additional ₹1,500 million.

The NCDs, carrying a face value of ₹1,000 each, will be offered in 10 series with fixed coupon rates and tenures of 24, 36, 60, and 120 months.

Investors can choose from annual, monthly, or cumulative interest options, with effective annual yields ranging between 9% and 10.25%.

The subscription window will open on September 24, 2025, and close on October 8, 2025.

Allotments will be made in consultation with BSE Limited, the designated stock exchange, on a first-come-first-serve basis, with proportionate allocation in the case of oversubscription.

At least 75% of the proceeds from the issue will be used for repayment or prepayment of interest and principal on existing borrowings, while the remainder will go towards general corporate purposes, capped at 25% of the total funds raised, in line with SEBI regulations.

The NCDs have been rated “Crisil A+/Stable” by Crisil Ratings Limited, indicating adequate safety of timely payment of financial obligations.

Trust Investment Advisors Pvt. Ltd., Nuvama Wealth Management Ltd., and Tipsons Consultancy Services Pvt. Ltd. are the lead managers to the issue.

The debentures will be listed on BSE Limited to ensure liquidity for investors.

Commenting on the offering, the company said the issue represents a part of its strategy to optimise borrowing costs while providing investors with stable, long-term returns in a regulated environment.