Description
BSE lists Rs. 200 crores commercial paper issued by Nexus Select Trust with 3-month maturity and IND A1+ rating.
Summary
BSE has listed new commercial paper securities issued by Nexus Select Trust on private placement basis. The issue comprises 4,000 units of Rs. 5 lakh each, totaling Rs. 200 crores, with a 3-month maturity period and IND A1+ credit rating.
Key Points
- Commercial Paper quantity: 4,000 units of Rs. 5,00,000 each
- Total issue size: Rs. 200 crores
- Issue price: Rs. 4,92,764 per unit (discount to face value)
- Credit rating: IND A1+
- ISIN: INE0NDH14072
- Scrip Code: 730001
- Market lot: 1 unit
- Trading in dematerialized form only
- Standard denomination: Rs. 5 lakhs and multiples
- Tick size: 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
- ICICI Bank Limited acts as Issuing and Paying agent
Important Dates
- Allotment date: August 8, 2025
- Listing date: August 11, 2025
- Redemption date: November 7, 2025
- Maturity period: 3 months
Impact Assessment
Low market impact as this is a routine commercial paper listing. The securities provide short-term funding option for Nexus Select Trust with favorable rating. Standard trading parameters apply with no special conditions affecting broader market operations.
Impact Justification
Routine commercial paper listing with standard terms and limited market impact