Description
BSE announces listing of IOCL commercial paper worth Rs. 200 crores with 90-day maturity for trading on debt segment.
Summary
BSE has listed new Commercial Paper issued by Indian Oil Corporation Ltd (IOCL) on private placement basis. The instrument consists of 40,000 units of Rs. 5 lakh each, totaling Rs. 200 crores, with 90-day maturity period.
Key Points
- Commercial Paper of Rs. 5,00,000/- each with 40,000 units listed
- Scrip Code: 729967, Scrip ID: IOCL05825
- ISIN Number: INE242A14YE5
- Issue Price: Rs. 4,92,950/- per unit (discount to face value)
- Credit Rating: ICRA A1+, IND A1+
- State Bank of India acts as Issuing and Paying Agent
Regulatory Changes
No regulatory changes introduced. Standard commercial paper listing procedure followed.
Compliance Requirements
- Trading only in dematerialised form under specified ISIN
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size of 1 paise applicable
- Trading members to contact debt department for clarifications
Important Dates
- Allotment Date: August 5, 2025
- Trading Commencement: August 6, 2025
- Redemption Date: November 3, 2025
- Maturity Period: 90 days
Impact Assessment
Minimal market impact as this is a routine short-term debt instrument listing. Provides additional liquidity option for institutional investors in IOCL paper. Standard commercial paper terms with competitive rating ensure normal market reception.
Impact Justification
Routine commercial paper listing with standard terms and limited market impact