Description
BSE announces the listing of two new commercial paper issues by Redington Limited worth Rs. 400 crores each on private placement basis.
Summary
BSE has listed two new commercial paper issues by Redington Limited on private placement basis, each worth Rs. 400 crores (face value Rs. 5 lakh per unit). The securities are admitted for trading on BSE Debt segment with effect from August 8, 2025.
Key Points
- Two commercial paper issues listed: RL-7-10-25-CP and RL-4-11-25-CP
- Each issue comprises 4,000 units of Rs. 5 lakh face value
- Both issues carry CRISIL A1+ and ICRA A1+ credit ratings
- HDFC Bank Ltd serves as issuing and paying agent
- Trading only in dematerialized form with minimum denomination of Rs. 5 lakhs
- Tick size set at 1 paise
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading restricted to standard denomination of Rs. 5 lakhs and multiples
- Securities to be traded under specified ISIN numbers
Important Dates
- Listing Date: August 8, 2025
- First Issue Allotment: August 8, 2025
- First Issue Redemption: October 7, 2025
- Second Issue Allotment: August 7, 2025
- Second Issue Redemption: November 4, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing for short-term financing needs. The listings provide additional debt market liquidity and financing options for institutional investors in high-rated commercial paper.
Impact Justification
Routine commercial paper listing with no broader market implications