Description
BSE lists new commercial paper securities of Kotak Mahindra Prime Limited worth Rs. 25 crores with redemption dates in August 2025.
Summary
BSE has listed new commercial paper securities of Kotak Mahindra Prime Limited on private placement basis, effective August 1, 2025. Two tranches totaling Rs. 25 crores have been admitted for trading on the BSE Debt segment with short-term maturities.
Key Points
- Two commercial paper tranches listed: Rs. 10 crores (Aug 8 maturity) and Rs. 15 crores (Aug 14 maturity)
- Face value of Rs. 5 lakhs per security with slight discount to face value
- Credit rating: CRISIL A1+ and ICRA A1+
- Trading in dematerialized form only with 1 paise tick size
- Kotak Mahindra Bank Limited acts as Issuing and Paying Agent
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
- Listing Date: August 1, 2025
- Allotment Date: August 1, 2025
- First Tranche Redemption: August 8, 2025
- Second Tranche Redemption: August 14, 2025
Impact Assessment
Minimal market impact as this is a routine short-term debt instrument listing. The commercial paper provides short-term funding for Kotak Mahindra Prime Limited with maturity periods of 1-2 weeks, primarily affecting institutional debt market participants.
Impact Justification
Routine commercial paper listing with short maturity periods affecting only debt segment