Description

BSE announces the listing of 10 series of secured redeemable non-convertible debentures issued by Edelweiss Financial Services Limited with varying tenures, coupon rates, and payment frequencies.

Summary

BSE has listed 10 series of secured redeemable non-convertible debentures (NCDs) issued by Edelweiss Financial Services Limited. The debentures were allotted on October 7, 2025, with a total issuance of approximately 24.05 lakh NCDs across all series. The NCDs have varying maturities ranging from 2 years to 10 years (2027-2035), coupon rates from 9.00% to 10.25% per annum, and different interest payment frequencies (annual, monthly, or zero coupon). All series carry a CRISIL A+/Stable credit rating.

Key Points

  • Total of 10 NCD series listed with scrip codes ranging from 940665 to 940683
  • Face value and issue price: ₹1,000 per NCD for all series
  • Coupon rates: 9.00% (Series I, II), 9.12% (Series III), 9.50% (Series IV, V), 9.58% (Series VI), 10.00% (Series VII, VIII), 9.80% (Series IX), and 10.25% (Series X)
  • Interest payment frequencies: Annual (Series I, IV, VII, X), Monthly (Series III, VI, IX), and Zero Coupon (Series II, V, VIII)
  • Maturity dates: October 7, 2027 (Series I, II), October 7, 2028 (Series III, IV, V), October 7, 2030 (Series VI, VII, VIII), and October 7, 2035 (Series IX, X)
  • Date of allotment: October 7, 2025
  • Credit rating: CRISIL A+/Stable for all series
  • Market lot: One NCD for all series
  • All NCDs are secured in nature

Regulatory Changes

No regulatory changes announced. This is a standard listing notification.

Compliance Requirements

No specific compliance requirements for market participants. The listing follows standard BSE procedures for debt securities.

Important Dates

  • Allotment Date: October 7, 2025
  • First Interest Payment Date:
    • Series I, IV, VII, X: October 7, 2026
    • Series III, VI, IX: December 1, 2025 (monthly payment series)
    • Series II, V, VIII: Not applicable (zero coupon)
  • Redemption/Maturity Dates:
    • Series I, II: October 7, 2027 (2-year tenure)
    • Series III, IV, V: October 7, 2028 (3-year tenure)
    • Series VI, VII, VIII: October 7, 2030 (5-year tenure)
    • Series IX, X: October 7, 2035 (10-year tenure)

Impact Assessment

This listing has minimal market-wide impact and is primarily relevant to debt investors and Edelweiss Financial Services Limited. The issuance provides Edelweiss with debt capital totaling approximately ₹240.5 crore (24.05 lakh NCDs × ₹1,000). The variety of tenures and payment structures offers investors flexibility in choosing debt instruments matching their cash flow requirements. The CRISIL A+/Stable rating indicates adequate safety with moderate credit risk. Zero-coupon series (II, V, VIII) offer higher redemption amounts (₹1,188.10, ₹1,313.30, and ₹1,611.00 respectively) reflecting accumulated interest. No put or call options are available on any series, meaning investors and the issuer cannot exercise early redemption rights.

Impact Justification

Routine listing announcement of debt securities with no broader market implications beyond Edelweiss debenture holders and investors.