Description
BSE announces listing of two new commercial paper series by Navi Finserv Limited worth Rs. 620 crores on debt segment.
Summary
BSE has listed two new commercial paper series issued by Navi Finserv Limited on private placement basis. The securities are admitted to dealings on BSE Debt segment effective July 30, 2025, with HDFC Bank Limited serving as the issuing and paying agent.
Key Points
- Two commercial paper series listed with face value of Rs. 5 lakh each
- Series 1: 240 units maturing January 27, 2026 (Scrip Code: 729937)
- Series 2: 500 units maturing October 29, 2025 (Scrip Code: 729938)
- Both rated CARE A1+ and IND A1+ by credit rating agencies
- Trading in dematerialized form only with Rs. 5 lakh standard denomination
- Tick size of 1 paise for trading
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Securities must be traded under specified ISIN numbers
Important Dates
- Allotment Date: July 29, 2025
- Listing Date: July 30, 2025
- Redemption Dates:
- Series 1 (NFL29725): January 27, 2026
- Series 2 (NFL29725A): October 29, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. Provides additional short-term funding instruments in the debt market with investment-grade ratings. The staggered maturity dates offer investors different tenure options.
Impact Justification
Routine commercial paper listing with no significant market impact