Description
BSE announces listing of Bajaj Finance Limited's new commercial paper issue of 16,500 units at Rs. 5 lakh each, maturing on September 10, 2025.
Summary
BSE has listed new commercial paper securities issued by Bajaj Finance Limited on private placement basis, effective July 25, 2025. The issue comprises 16,500 units of Rs. 5 lakh each (total Rs. 825 crores), with maturity date of September 10, 2025. The securities carry high credit ratings of CRISIL A1+ and ICRA A1+.
Key Points
- Total issue size: 16,500 units × Rs. 5,00,000 = Rs. 825 crores
- Issue price: Rs. 4,96,118 per unit (discount to face value)
- Allotment date: July 24, 2025
- Maturity date: September 10, 2025 (47-day tenor)
- Credit ratings: CRISIL A1+ and ICRA A1+
- ISIN: INE296A14B23 (further listing under same ISIN)
- Scrip code: 729744, Scrip ID: BFL26625
- Trading only in dematerialized form
- ICICI Bank Limited acts as Issuing and Paying Agent
Regulatory Changes
No regulatory changes introduced. This is a routine listing notification for debt securities.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Trading shall occur in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size for trading is 1 paise
- Securities will be traded on BSE Debt segment
Important Dates
- Allotment Date: July 24, 2025
- Listing Date: July 25, 2025
- Maturity Date: September 10, 2025
Impact Assessment
This commercial paper listing provides Bajaj Finance with short-term funding of Rs. 825 crores at competitive rates, reflecting the company’s strong credit profile. The high credit ratings (A1+ from both CRISIL and ICRA) indicate low credit risk. For investors, it offers a short-term investment opportunity in a well-rated corporate paper with 47-day maturity. The listing enhances liquidity options for the instrument on BSE’s debt platform.
Impact Justification
Routine commercial paper listing for established company with strong credit ratings, provides additional funding avenue