Edelweiss Housing Finance Ltd is issuing non-convertible debentures. The Issue will begin on 6 April, and will close on the 26th of April with the option of early closure.
Investors will have to option to choose among ten different series of debentures with tenures ranging from 2 to 10 years. The amount of interest offered ranges from 8.50-9.70 percent per year. with monthly annual, cumulative and monthly interest payments.
Issue Highlight
| Issue | Edelweiss Housing Finance Ltd |
| Issue Open Date | April 06, 2022 |
| Issue Close Date | April 26, 2022 (early closure option) |
| Face Value | Basis Rs. 1,000 per NCD |
| Issue Price | Rs. 1,000 per NCD |
| Nature of Instrument | Secured Redeemable NCD |
| Min. Application | 10 NCDs ( Rs. 10,000) |
| Listing | BSE |
| Rating | “CRISIL AA-/Negative” |
| Issuance Mode | In dematerialised form only |
| Issue Registrar | KFIN Tech |
Interest Rate Chart
| Series | Frequency | Tenure | Coupon Rate | Effective Yield |
| I | Annual | 24 M | 8.50% | 8.49% |
| II | Cumulative | 24 M | NA | 8.50% |
| III | Monthly | 36 M | 8.70% | 9.05% |
| IV | Annual | 36 M | 9.05% | 9.04% |
| V | Cumulative | 36 M | NA | 9.05% |
| VI | Monthly | 60 M | 9.15% | 9.54% |
| VII | Annual | 60 M | 9.55% | 9.54% |
| VIII | Cumulative | 60 M | NA | 9.55% |
| IX | Monthly | 120 M | 9.30% | 9.70% |
| X | Annual | 120 M | 9.70% | 9.69% |
