Rs 276 crore raised by Edelweiss Housing Finance through public issue of bonds

The company allotted 27, 59,057 NCDs of the face value of Rs 1,000 each, amounting to Rs 275.91 crore. In a release, the company announced that public issue of secured redeemable non-convertible debentures (NCDs) has been successfully completed.

Rs 276 crore has been raised by Edelweiss Housing Finance Ltd (EHFL) through a public issue of bonds that closed on Monday, a release said.

The company has allotted 27, 59,057 NCDs of the face value of Rs 1,000 each, amounting to Rs 275.91 crore. In a release, the company announced that public issue of secured redeemable non-convertible debentures (NCDs) has been successfully completed.

The issue saw good interest from corporates and other investors, while the issue met a significant demand from the retail segment, with total collections of Rs 173.93 crore

“This is a demonstration of the faith that investors across categories have in our technology-powered business model and the appetite for high-quality financial papers that offer competitive interest rates,” Rajat Avasthi , MD & CEO, EHFL said.

The issue has seen interest from investors across series and tenures offering annual, monthly and cumulative interest options with the effective annual yield ranging from 8.49 percent to 9.69 per cent per annum, he added.

The NCDs have been rated ‘ CRISIL AA-/Negative’ and ‘ACUITE AA/Negative’. The bonds will be listed on BSE to provide liquidity to the investors, EHFL said.

Follow and connect with us on Twitter, Facebook