Description
BSE announces listing of new commercial paper securities issued by Poonawalla Fincorp Limited on private placement basis with effect from July 29, 2025.
Summary
BSE has listed new commercial paper securities issued by Poonawalla Fincorp Limited on private placement basis, effective July 29, 2025. Two series of commercial papers with face value of Rs. 5 lakhs each have been admitted for trading on the BSE Debt segment.
Key Points
- Two series of commercial papers listed with quantities of 7,000 and 1,000 units respectively
- Face value of Rs. 5,00,000 per unit for both series
- Credit ratings: CARE A1+ and CRISIL A1+ for both series
- Trading in dematerialized form only with standard denomination of Rs. 5 lakhs and multiples
- Tick size of 1 paise for trading
- ICICI Bank Ltd appointed as Issuing and Paying agent
Regulatory Changes
No regulatory changes - routine listing process for commercial paper securities.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Trading must be conducted in standard denominations of Rs. 5 lakhs and multiples thereof
- Securities must be traded under the specified ISIN numbers
Important Dates
- Listing Date: July 29, 2025
- Allotment Date: July 28, 2025
- Redemption Dates:
- Series 1 (PFL280725): October 27, 2025
- Series 2 (PFL230125): January 23, 2026
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. Provides additional short-term debt instruments for institutional investors and enhances liquidity options in the debt market segment.
Impact Justification
Routine commercial paper listing with limited market impact