There are ten series of NCDs carrying fixed coupons and having tenure of 24 months, 36 months, 60 months and 120 months with annual, monthly and cumulative interest options. Effective annual yield for NCDs ranges from 8.94% p.a. to 10.46% p.a.

The issue is scheduled to open on 6 October 2023 and close on 19 October 2023.

At least 75% of the funds raised through this issue will be used for the purpose of repayment /prepayment of interest and principal of existing borrowings of the company and the balance is proposed to be utilized for general corporate purposes, subject to such utilization not exceeding 25% of the amount raised in the issue.

The additional incentive will be maximum of 0.20% p.a. for all categories of investors in the proposed Issue, who are also holders of debentures(s)/bond(s) previously issued by the company, and/ or ECL Finance, Nido Home Finance (formerly known as Edelweiss Housing Finance), and Edelweiss Retail Finance as the case may be, and/or are equity shareholder(s) of the company as the case may be, on the preceding working Friday to the deemed date of allotment.

The NCDs proposed to be issued under the Issue have been rated "CRISIL AA-/Negative (pronounced as CRISIL double A minus rating with Negative outlook)" for an amount of Rs 1000 crore by CRISIL vide their rating letter dated 1 September 2023 with rating rationale dated 31 August 2023.

Edelweiss Financial Services has a diversified businesses including credit including retail and corporate credit, asset management including mutual fund and alternatives asset management businesses, asset reconstruction, insurance both life and general insurance business, and wealth management businesses.