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 Tranche III issue will open on 4 July 2023, and it will close on 1 July 2023, with an option of early closure. The NCDs will be listed on BSE to provide liquidity to the investors.

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.

The additional incentive will be maximum of 0.20% p.a. for all Category of Investors in the proposed Tranche III Issue, who are also holders of NCD(s)/Bond(s) previously issued by the company, and/ or ECL Finance, Edelweiss Retail Finance, and Nido Home Finance (formerly known as Edelweiss Housing Finance) as the case may be, and/or are equity shareholder(s) of the company as the case may be, on the deemed date of allotment.

The NCDs proposed to be issued under this Tranche III Issue have been rated "CRISIL AA-/Negative (pronounced as CRISIL double A minus rating with Negative outlook)" by CRISIL Ratings Limited and "ACUITE AA-/Negative (pronounced as ACUITE double A minus)" by Acuite Ratings & Research.

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