Description
BSE announces listing of IOCL commercial paper worth Rs. 1,000 crores with 90-day maturity on debt segment.
Summary
BSE has listed new Commercial Paper issued by Indian Oil Corporation Ltd on private placement basis. The instrument has a face value of Rs. 5 lakh per unit with 20,000 units totaling Rs. 1,000 crores, maturing on November 4, 2025.
Key Points
- Commercial Paper with face value of Rs. 5,00,000 each
- Total quantity: 20,000 units (Rs. 1,000 crores)
- Issue price: Rs. 4,92,926 per unit
- Scrip Code: 729979, Scrip ID: IOCL6825
- ISIN: INE242A14YF2
- Credit Rating: ICRA A1+, IND A1+
- State Bank of India as Issuing and Paying Agent
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
Important Dates
- Allotment Date: August 6, 2025
- Trading Effective: August 7, 2025
- Redemption Date: November 4, 2025
Impact Assessment
Routine debt instrument listing with minimal market impact. Provides short-term funding avenue for IOCL and investment option for institutional investors in highly-rated commercial paper.
Impact Justification
Routine commercial paper listing with no market-wide implications