The issue opened on 6 April 2022 and it will close on 26 April 2022, with an option of early closure. The NCDs will be listed on BSE to provide liquidity to the investors.

There are ten series of NCDs carrying fixed coupon and having tenure of 24 months, 36 months, 60 months and 120 months with annual, monthly and cumulative interest option. Coupon for NCDs ranges from 8.50% to 9.70% per annum.

The NCDs proposed to be issued have been rated "CRISIL AA-/Negative" and "ACUITE AA/Negative".

At least 75% of the funds raised through this issue will be used for the purpose of onward lending, financing, and for repayment/ prepayment of interest and principal of existing borrowings of the company. 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 company will offer an incentive of 0.20% per annum for all category of investors in the proposed issue, who are also holders of NCDs/Bonds previously issued by the company, and/or ECL Finance, Edelweiss Financial Services, Edelweiss Retail Finance and Edelweiss Finance & Investment.

Edelweiss Housing Finance, part of Edelweiss group, is a non-deposit taking housing finance company focused on offering secured loan products to suit the needs of the individuals, including small ticket unsecured loans to customers from mainly rural areas, and corporates.