Description

BSE lists 10 series of secured redeemable non-convertible debentures issued by Edelweiss Financial Services Limited with varying coupon rates (9.00% to 10.25%) and maturity periods (2027 to 2035).

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 issue size of 25,04,758 NCDs across all series. The NCDs have face values of Rs. 1,000 each, coupon rates ranging from 9.00% to 10.25% per annum, and maturity dates spanning from October 2027 to October 2035. All series carry a CRISIL A+/Stable credit rating.

Key Points

  • Total of 10 series of secured NCDs listed with varying characteristics
  • Allotment date: October 7, 2025
  • Face value: Rs. 1,000 per NCD across all series
  • Issue price: Rs. 1,000 per NCD (at par)
  • Coupon rates: 9.00%, 9.12%, 9.50%, 9.58%, 9.80%, 10.00%, and 10.25% per annum
  • Interest payment frequency: Annual, Monthly, or NA (zero coupon)
  • Maturity periods: 2 years (2027), 3 years (2028), 5 years (2030), and 10 years (2035)
  • Credit rating: CRISIL A+/Stable for all series
  • Market lot: One NCD per lot
  • Total NCDs issued: 25,04,758 across all series

Series Details

Series I (Scrip Code: 940665, ISIN: INE532F07IC9)

  • Coupon: 9.00% per annum (Annual)
  • Quantity: 1,70,860 NCDs
  • Maturity: October 7, 2027
  • Redemption: Rs. 1,000 per NCD

Series II (Scrip Code: 940667, ISIN: INE532F07HZ2)

  • Zero coupon (Effective Yield: 9.00%)
  • Quantity: 59,208 NCDs
  • Maturity: October 7, 2027
  • Redemption: Rs. 1,188.10 per NCD

Series III (Scrip Code: 940669, ISIN: INE532F07IA3)

  • Coupon: 9.12% per annum (Monthly)
  • Quantity: 5,46,920 NCDs (largest series)
  • Maturity: October 7, 2028
  • First interest payment: December 1, 2025

Series IV (Scrip Code: 940671, ISIN: INE532F07IB1)

  • Coupon: 9.50% per annum (Annual)
  • Quantity: 3,56,761 NCDs
  • Maturity: October 7, 2028
  • First interest payment: October 7, 2026

Series V (Scrip Code: 940673, ISIN: INE532F07IG0)

  • Zero coupon (Effective Yield: 9.50%)
  • Quantity: 99,579 NCDs
  • Maturity: October 7, 2028
  • Redemption: Rs. 1,313.30 per NCD

Series VI (Scrip Code: 940675, ISIN: INE532F07ID7)

  • Coupon: 9.58% per annum (Monthly)
  • Quantity: 6,83,862 NCDs (second largest series)
  • Maturity: October 7, 2030
  • First interest payment: December 1, 2025

Series VII (Scrip Code: 940677, ISIN: INE532F07HY5)

  • Coupon: 10.00% per annum (Annual)
  • Quantity: 2,77,560 NCDs
  • Maturity: October 7, 2030
  • First interest payment: October 7, 2026

Series VIII (Scrip Code: 940679, ISIN: INE532F07IH8)

  • Zero coupon (Effective Yield: 10.00%)
  • Quantity: 75,542 NCDs
  • Maturity: October 7, 2030
  • Redemption: Rs. 1,611.00 per NCD

Series IX (Scrip Code: 940681, ISIN: INE532F07IE5)

  • Coupon: 9.80% per annum (Monthly)
  • Quantity: 4,19,648 NCDs
  • Maturity: October 7, 2035
  • First interest payment: December 1, 2025

Series X (Scrip Code: 940683, ISIN: INE532F07IF2)

  • Coupon: 10.25% per annum (Annual)
  • Quantity: 1,14,818 NCDs (smallest series)
  • Maturity: October 7, 2035
  • First interest payment: October 7, 2026

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members and investors can now trade these NCDs on BSE’s debt segment
  • All NCDs are secured and carry CRISIL A+/Stable credit rating
  • Put/Call options are available on selected series as indicated
  • Interest payment schedules must be followed as per the frequency (Annual/Monthly/Zero coupon)

Important Dates

  • Allotment Date: October 7, 2025
  • First Interest Payment Dates:
    • December 1, 2025 (for monthly payment series: III, VI, IX)
    • October 7, 2026 (for annual payment series: I, IV, VII, X)
    • NA (for 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)
    • October 7, 2035 (Series IX, X)

Impact Assessment

Market Impact: Low. This is a routine debt listing that provides Edelweiss Financial Services with long-term funding at competitive rates. The listing enhances liquidity options for debt investors.

Investor Impact: The NCDs offer investors a range of investment options with different coupon rates (9.00% to 10.25%), payment frequencies (annual, monthly, zero coupon), and maturity periods (2 to 10 years). The CRISIL A+/Stable rating indicates good credit quality with adequate degree of safety for timely payment of financial obligations.

Company Impact: The total issue size of approximately Rs. 2,504.76 crore (25,04,758 NCDs × Rs. 1,000) strengthens Edelweiss Financial Services’ capital base and provides diversified funding across different tenures. The competitive coupon rates reflect the company’s strong credit profile.

Operational Impact: Minimal. Standard listing procedures apply. Trading can commence immediately on BSE’s debt segment with a market lot of one NCD per transaction.

Impact Justification

Routine listing of debt securities by an NBFC; affects debt investors and the company's funding operations but has minimal market-wide impact