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Edelweiss Housing Finance issues NCDs worth Rs 500 cr - The Property News
Posted
July 6, 2016
Views
1,446
Likes
10
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2
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July 6, 2016
1,446
10
2
0.83%
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3:19Now PlayingBe Un Confused
Edelweiss Housing Finance has announced an issue of Non-Convertible Debentures (NCD) worth Rs 500 crore. The money raised for the issue will be used for the company's home finance business.
Anil Kothuri, President of Edelweiss Retail Finance, told that the issues are priced attractively with interest rates ranging between 9.5-10%. He expects similar returns to fixed deposits that are secured by home loans. He believed that it is an attractive investment opportunity for investors.
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