Edelweiss Finance and Investments Ltd NCD period from Jan 23 to Jan 31, 2020:
Edelweiss Finance and Investments Ltd propelled in 1994, in Mumbai. It is a non-banking monetary organization. The organization presented a NCD, Edelweiss Finance and Investments Ltd. The NCD membership period will open on 23rd Jan and it will close on 31st Jan 2020.
Edelweiss Finance and Investments Ltd NCD subtleties:
Offer period Jan 23 to Jan 31, 2020
Security Name Edelweiss Finance and contributing Ltd
Security Type Secured, Redeemable, Non-Convertible Debentures
NCD Size (Base) Rs 125 crore
NCD Size (Shelf) Rs 250 crore
Issue Price Rs 1000 for each NCD
Face Value Rs 1000 for each NCD
Least Lot Size 10 NCD
Market Lot 1 NCD
Posting At BSE
Credit Rating CRISIL AA-/Stable; CARE AA-/Stable
Tenor 18, 36, 60, 120 months
Series Series I to IX
Installment Frequency Monthly, Annual and Cumulative
It was a Secured, Redeemable, Non-Convertible Debentures sort of NCD. The base size of the issue is Rs 125 crore, comparatively, the rack size of the NCD is Rs 250 crore. its assumed worth is Rs 1000 for every each NCD. The underlying cost of NCD is Rs 1000 for every NCD, in the membership time frame. The base part size is 10 NCDs and the market parcel is 1 NCD.
Coupon Rates:
Series Frequency Tenor Coupon Rate
I Annually 18 Months 9.70%
II Cumulative 18 Months NA
III Annually 36 Months 10.00%
IV Cumulative 36 Months NA
V Monthly 60 Months 9.80%
VI Annually 60 Months 10.25%
VII Cumulative 60 Months NA
VIII Monthly 120 Months 9.80%
IX Annually 120 Months 10.25%
The items on the NCD expected to use the raise add up to ahead loaning, discounting procedure, and general corporate purposes. The CARE Rating Agency appraised as AA-/Stable and CRISIL rated as AA-/Stable. It will be recorded on the Bombay Stock Exchange (BSE).
Disclaimer: This article gives data about the plan. It doesn't offer any guidance or suggestion. If you don't mind counsel your budgetary counselor before contributing.
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