Description
BSE announces listing of Nexus Select Trust's new Commercial Paper worth Rs. 200 crores with maturity in November 2025.
Summary
BSE has listed new Commercial Paper issued by Nexus Select Trust on private placement basis. The listing comprises 4000 units of Rs. 5 lakh each, totaling Rs. 200 crores, with a 91-day maturity period from August 8, 2025 to November 7, 2025.
Key Points
- Commercial Paper of Rs. 5,00,000/- each (4000 units)
- Total issue size: Rs. 200 crores
- Issue price: Rs. 4,92,764/- per unit
- Credit Rating: IND A1+
- ISIN: INE0NDH14072
- Scrip Code: 730001
- Trading in dematerialized form only
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size of 1 paise applies
- ICICI Bank Limited serves as Issuing and Paying agent
Important Dates
- Allotment Date: August 8, 2025
- Listing Date: August 11, 2025
- Redemption Date: November 7, 2025
Impact Assessment
Minimal market impact as this is a routine debt instrument listing. The commercial paper provides short-term funding for Nexus Select Trust with a 91-day maturity. Trading will be limited to institutional and high-value investors due to the Rs. 5 lakh minimum denomination.
Impact Justification
Routine debt instrument listing with limited market impact