Description
BSE lists new commercial paper worth Rs. 75 crores issued by Mirae Asset Financial Services with 3-month maturity and CRISIL A1+ rating.
Summary
BSE has listed new commercial paper issued by Mirae Asset Financial Services (India) Private Limited worth Rs. 75 crores (1,500 units of Rs. 5 lakh each) on private placement basis. The paper carries CRISIL A1+ rating and matures in 3 months.
Key Points
- Issue size: Rs. 75 crores (1,500 units of Rs. 5,00,000 each)
- Issue price: Rs. 4,91,460 per unit (discount to face value)
- Face value: Rs. 5,00,000 per unit
- Credit rating: CRISIL A1+ (highest short-term rating)
- Scrip code: 729962, Scrip ID: MAFSIP5825
- ISIN: INE0JRU14248
- Trading in dematerialized form only
- Standard denomination: Rs. 5 lakhs and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading restricted to standard denomination of Rs. 5 lakhs and multiples thereof
- HDFC Bank Ltd acts as Issuing and Paying Agent
Important Dates
- Allotment date: August 5, 2025
- Listing date: August 5, 2025
- Redemption date: November 4, 2025
- Maturity period: 3 months (91 days)
Impact Assessment
Minimal market impact as this is a routine commercial paper listing by a financial services company. The A1+ rating indicates strong creditworthiness and the 3-month tenure provides short-term funding option for the issuer.
Impact Justification
Standard commercial paper listing with no unusual terms or market impact