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 interest payment frequencies.

Summary

BSE has listed 10 series of Secured Redeemable Non-Convertible Debentures (NCDs) issued by Edelweiss Financial Services Limited. The NCDs were allotted on December 12, 2025, with face value of Rs. 1,000 per NCD. The securities have varying tenures (2 to 10 years), coupon rates ranging from 8.85% to 10.10% per annum, and different interest payment frequencies (annual, monthly, or NA for zero-coupon bonds). Total securities listed across all series amount to 2,489,000 NCDs.

Key Points

  • Total Series Listed: 10 series (Series I through X) of secured redeemable NCDs
  • Issuer: Edelweiss Financial Services Limited
  • Face Value: Rs. 1,000 per NCD across all series
  • Issue Price: Rs. 1,000 per NCD across all series
  • Allotment Date: December 12, 2025
  • Coupon Rates: Range from 8.85% to 10.10% per annum
  • Effective Yields: Range from 9.39% to 10.10% per annum
  • Credit Rating: CRISIL A+/Stable
  • Market Lot: One NCD
  • Total Securities: 2,489,000 NCDs across all series
  • Maturity Periods: 2 years (2027), 3 years (2028), 5 years (2030), and 10 years (2035)

Series Details

Short Tenure (2-Year Maturity - December 12, 2027)

  • Series I: 120,988 NCDs | 8.85% coupon | Annual interest | Scrip Code: 940779
  • Series II: 42,052 NCDs | 8.85% coupon | Zero-coupon (NA frequency) | Redemption: Rs. 1,184.85 | Scrip Code: 940781
  • Series III: 607,562 NCDs | 9.03% coupon | Monthly interest | Scrip Code: 940783
  • Series IV: 598,090 NCDs | 9.40% coupon | Annual interest | Scrip Code: 940785

Medium Tenure (3-Year Maturity - December 12, 2028)

  • Series V: 127,046 NCDs | 9.40% coupon | Zero-coupon (NA frequency) | Redemption: Rs. 1,309.80 | Scrip Code: 940787
  • Series VI: 306,961 NCDs | 9.44% coupon | Monthly interest | Scrip Code: 940789
  • Series VII: 286,069 NCDs | 9.86% coupon | Annual interest | Scrip Code: 940791

Medium-Long Tenure (5-Year Maturity - December 12, 2030)

  • Series VIII: 80,091 NCDs | 9.85% coupon | Zero-coupon (NA frequency) | Redemption: Rs. 1,600.00 | Scrip Code: 940793
  • Series IX: 233,781 NCDs | 9.67% coupon | Monthly interest | Scrip Code: 940795

Long Tenure (10-Year Maturity - December 12, 2035)

  • Series X: 97,360 NCDs | 10.10% coupon | Annual interest | Scrip Code: 940797

Regulatory Changes

No regulatory changes announced. This is a standard listing notification for new debt securities.

Compliance Requirements

  • Trading members and investors can trade these NCDs on the BSE platform using the assigned scrip codes
  • All listed NCDs are secured and carry CRISIL A+/Stable rating
  • Market lot is one NCD, allowing retail participation
  • No put/call options are attached to any series

Important Dates

  • Allotment Date: December 12, 2025
  • First Interest Payment Dates:
    • Monthly series (III, VI, IX): February 2, 2026
    • Annual series (I, IV, VII, X): December 14, 2026
    • Zero-coupon series (II, V, VIII): Interest paid at redemption
  • Redemption/Maturity Dates:
    • Series I-IV: December 12, 2027 (2 years)
    • Series V-VII: December 12, 2028 (3 years)
    • Series VIII-IX: December 12, 2030 (5 years)
    • Series X: December 12, 2035 (10 years)

Impact Assessment

Market Impact: Minimal. This is a routine debt listing that expands investment options for fixed-income investors seeking rated corporate debt securities.

Investor Impact: Provides investors with multiple options across different tenures and interest payment structures. The CRISIL A+/Stable rating indicates adequate safety with higher yields compared to government securities. Zero-coupon options (Series II, V, VIII) offer compounded returns for investors not requiring periodic income.

Liquidity: Market lot of one NCD enables retail investor participation. However, actual trading liquidity will depend on secondary market activity.

Risk Consideration: While secured and rated, these NCDs carry credit risk associated with Edelweiss Financial Services Limited’s financial health. The A+ rating is investment grade but not the highest category.

Impact Justification

Routine listing of debt securities with no broader market implications; relevant primarily to NCD investors and the issuing company