Description
BSE lists Rs. 500 crore Commercial Paper issue by Can Fin Homes Ltd. with 3-month maturity and CARE A1+/ICRA A1+ rating.
Summary
BSE has listed new Commercial Paper securities issued by Can Fin Homes Ltd. on private placement basis. The issue comprises 10,000 units of Rs. 5 lakh each, totaling Rs. 500 crore, with a 3-month maturity period.
Key Points
- Issue size: Rs. 500 crore (10,000 units of Rs. 5 lakh each)
- Face value: Rs. 5,00,000 per unit
- Issue price: Rs. 4,92,752 per unit (discount to face value)
- Credit rating: CARE A1+ and ICRA A1+
- Scrip code: 729966, Scrip ID: CFHL50825
- ISIN: INE477A14DZ6
- Trading in dematerialized form only
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading only in dematerialized form
- Standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size of 1 paise for trading
- HDFC Bank Limited appointed as Issuing and Paying Agent
Important Dates
- Allotment date: August 5, 2025
- Listing date: August 6, 2025
- Redemption date: November 4, 2025
- Maturity period: 3 months
Impact Assessment
Minimal market impact as this is a routine short-term debt instrument listing. The commercial paper provides Can Fin Homes with short-term funding at competitive rates given the high credit ratings. Trading will be limited to institutional investors due to high denomination requirements.
Impact Justification
Routine commercial paper listing with standard terms and limited market impact