Description

BSE lists 10 series of secured redeemable NCDs issued by Edelweiss Financial Services Limited with varying tenures (2-10 years), coupons (8.85%-10.10%), 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 December 12, 2025, with a face value and issue price of ₹1,000 per NCD. The series offer varying tenures ranging from 2 years to 10 years, with coupon rates between 8.85% and 10.10% per annum. Total securities listed across all series amount to 2,489,000 NCDs.

Key Points

  • Issuer: Edelweiss Financial Services Limited
  • Allotment Date: December 12, 2025
  • Face Value/Issue Price: ₹1,000 per NCD
  • Nature: Secured, Redeemable, Non-Convertible Debentures
  • Credit Rating: CRISIL A+/Stable
  • Market Lot: One NCD
  • Total Series: 10 series (Series I through X)
  • Coupon Range: 8.85% to 10.10% per annum
  • Effective Yield Range: 9.03% to 10.10% per annum
  • Payment Frequencies: Annual, Monthly, or NA (depending on series)
  • Maturity Range: December 2027 to December 2035

Series Details

Short-Term Series (2-Year Maturity - December 12, 2027)

  • Series I (Scrip Code: 940779, ISIN: INE532F07IM8): 120,988 NCDs, 8.85% coupon, Annual payment
  • Series II (Scrip Code: 940781, ISIN: INE532F07IO4): 42,052 NCDs, 8.85% coupon, NA payment frequency

Medium-Term Series (3-Year Maturity - December 12, 2028)

  • Series III (Scrip Code: 940783, ISIN: INE532F07IL0): 607,562 NCDs, 9.03% coupon, Monthly payment
  • Series IV (Scrip Code: 940785, ISIN: INE532F07IQ9): 598,090 NCDs, 9.40% coupon, Annual payment
  • Series V (Scrip Code: 940787, ISIN: INE532F07IN6): 127,046 NCDs, 9.40% coupon, NA payment frequency

5-Year Maturity Series (December 12, 2030)

  • Series VI (Scrip Code: 940789, ISIN: INE532F07IP1): 306,961 NCDs, 9.44% coupon, Monthly payment
  • Series VII (Scrip Code: 940791, ISIN: INE532F07IR7): 286,069 NCDs, 9.86% coupon, Annual payment
  • Series VIII (Scrip Code: 940793, ISIN: INE532F07II6): 80,091 NCDs, 9.85% coupon, NA payment frequency

Long-Term Series (10-Year Maturity - December 12, 2035)

  • Series IX (Scrip Code: 940795, ISIN: INE532F07IJ4): 233,781 NCDs, 9.67% coupon, Monthly payment
  • Series X (Scrip Code: 940797, ISIN: INE532F07IK2): 97,360 NCDs, 10.10% coupon, Annual payment

Regulatory Changes

No regulatory changes are introduced by this circular. This is a standard listing notification for newly issued debt securities.

Compliance Requirements

  • Trading members can facilitate trading in these NCDs on BSE’s debt market platform
  • Standard debt market trading and settlement procedures apply
  • Market lot is one NCD, allowing retail participation
  • No put/call options are attached to these debentures

Important Dates

  • Allotment Date: December 12, 2025
  • First Interest Payment Dates:
    • February 2, 2026 (for Series III, VI, IX - monthly payment series)
    • December 14, 2026 (for Series I, IV, VII, X - annual payment series)
    • December 10, 2027 (for Series II)
    • December 12, 2028 (for Series V and VIII)
  • Maturity Dates:
    • December 12, 2027 (Series I, II)
    • December 12, 2028 (Series III, IV, V)
    • December 12, 2030 (Series VI, VII, VIII)
    • December 12, 2035 (Series IX, X)
  • Redemption Amount: ₹1,000 per NCD at maturity

Impact Assessment

Market Impact: Minimal impact on equity markets. This listing provides debt market investors with additional investment options in Edelweiss Financial Services’ debt paper.

Investor Impact:

  • Debt investors gain access to CRISIL A+ rated secured debentures with competitive yields
  • Multiple tenure and payment frequency options provide flexibility for different investor needs
  • Higher coupon rates on longer-tenure series (up to 10.10% for 10-year paper) may attract yield-seeking investors
  • Market lot of one NCD enables retail participation

Issuer Impact: Edelweiss Financial Services successfully raised debt capital totaling approximately ₹248.9 crores across the 10 series, diversifying its funding sources and potentially lowering cost of capital through market-based borrowing.

Liquidity: As listed instruments on BSE’s debt platform, these NCDs offer secondary market liquidity to investors, though actual trading volumes will depend on market demand.

Impact Justification

Routine listing of debt securities with limited impact on equity market participants; relevant primarily for debt investors