Description
BSE lists two new commercial paper issues by Axis Finance Limited worth Rs. 5 lakh each with CRISIL A1+ and IND A1+ ratings.
Summary
BSE has listed two new commercial paper issues by Axis Finance Limited on private placement basis, each with face value of Rs. 5,00,000. Both issues carry CRISIL A1+ and IND A1+ credit ratings with redemption dates in October 2025.
Key Points
- First CP: 2000 units, scrip code 729909, redemption on 17/10/2025, issue price Rs. 492,943.50
- Second CP: 2000 units, scrip code 729911, redemption on 30/10/2025, issue price Rs. 491,869.50
- Both allotted on 25/07/2025 with Axis Bank Limited as issuing and paying agent
- Trading in dematerialized form only with tick size of 1 paise
- Standard denomination of Rs. 5 lakhs and multiples thereof
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Must use specified ISIN numbers for transactions
- Trading restricted to standard denomination of Rs. 5 lakhs and multiples
Important Dates
- Allotment Date: 25/07/2025
- Listing Date: 28/07/2025
- First CP Redemption: 17/10/2025
- Second CP Redemption: 30/10/2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. Provides additional short-term debt instruments for institutional investors with high credit ratings ensuring low default risk.
Impact Justification
Routine commercial paper listing with standard terms and conditions