Edelweiss Housing Finance Ltd (EHFL) launched Public Issue of Secured mmfsl logo 1redeemable non-convertible Debentures of 250 crores with an option to retain over subscription upto 250 crores aggregating to a total of upto 500 Cr.  Issue open from 8 July 2016 and issue close on 27 July 2016  ( Early Close 11 July 2016) .

 

 Product Note

Edelweiss Housing Finance Ltd NCD Issue Highlights

IssuerEdelweiss Housing Finance Ltd
Type of InstrumentSecured Redeemable, NCD
Issue Open8 July 2016
Issue Close27 July 2016 (with option of early closure or extension)
Issue Size250 Cr. with an option to retain oversubscription of 500 Cr.
Face ValueRs. 1,000
Min. Application Size10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD)
Interest Monthly , Annually & Cumulative
Mode of AllotmentD'mat as well as Physical Form
Rating CARE - AA & ICRA - AA
ListingBSE
Application Money Interest (refunded)5.00%
Allotment Money InterestAs per Effective Yield

Specific Term of Issue – Retail Category  

SeriesIIIIIIIV
Tenor36 M36 M60 M60 M
Base Coupon - Cat I, II & III9.50%NA9.75%NA
Effective Yield9.50%9.50%9.75%9.75%
Face Value1000100010001000
Interest PaymentAnnualCumulativeAnnualCumulative
SecuritySecuredSecuredSecuredSecured
Maturity1000131310001592.75
 
SeriesVVIVII
Tenor120 M120 M120 M
Base Coupon - Cat I, II & III9.57%10.00%NA
Effective Yield10.00%10.00%10.00%
Face Value100010001000
Interest PaymentMonthlyAnnualCumulative
SecuritySecuredSecuredSecured
Maturity100010002594.50

  Cheque Details :

Cheque / DD should be drawn in favour of  “EHFL NCD Public Issue – Escrow Account   “ 

About Issue

About Company

Edelweiss Housing Finance Ltd is a non deposit taking Housing Finance Company focused on majorly offering secured loan products to suit the needs of the individuals and corporate. The company also offer small ticket unsecured loans to the customers mainly in rural areas. The tenure of these unsecured loans is usually upto two years.

The Company is part of Edelweiss group having businesses organized around three broad lines – Credit including Retail Finance: Non-Credit businesses including Capital Markets, Wealth Management, Asset Management, Balance Sheet Management and others, and Life Insurance business. 

Their products include

  • Home Loans, which includes offering secured loans to salaried individuals, self-employed individuals and others for purchase/construction/renovation of residential properties, against mortgage of the same property
  • Loan against property, which includes offering loans for business purposes or for the purchase of commercial property or for investment in asset, against  mortgage of the same property,
  • Construction Finance, which includes offering loans to developers for construction of residential projects
  • Rural finance which includes offering unsecured loans to customers for a tenure of upto 2 years.

 

Subscription

Edelweiss Housing Finance Ltd  – Issue Subscription data

 

Listing

Edelweiss Housing Finance   Ltd  Allotment & Listing details :

NCDEDELWEISS HOUSING FINANCE LTD
Issue Open8 JULY 2016
Issue Close 27 JULY 2016 (early close 11 JULY)
Issue RegistrarKarvy Computershare
Listing ExchangeProposed BSE / NSE
Allotment Date19 JULY 2016
Listing Date22 JULY 2016
Interest Payment Date
Face Value1000
Circular Ref. NoBSE- 20160721-9
SeriesIIIIIIIVVVIVII
Coupon9.50%NA9.75%NA9.57%10.00%NA
Effective Yield9.50%9.50%9.75%9.75%10.00%10.00%10.00%
Period3 YR3 YR5 YR5 YR10 YR10 YR10 YR
ISIN NoINE 530L07178INE 530L07186INE 530L07194INE 530L07202INE 530L07210INE 530L07228INE 530L07236
BSE Script 935778935780935782935784935786935788935790
Script ID95EHFL190EHFL19975EHFL210EHFL21957EHFL2610EHFL260EHFL26
Maturity19/07/201919/07/201919/07/202119/07/202119/07/202619/07/202619/07/2026
Maturity Amt1000131310001592.50100010002594.50
First Int Payment19/07/2017NA19/07/2017NA1/10/201619/07/2017NA

 

For Investment , Kindly Write to us at

                       rajendra@puneinvest.com or

                          Call Rajendra 7719917444