Description
BSE announces the listing of new debt securities issued by Asirvad Microfinance Limited on private placement basis with 8.70% interest rate.
Summary
BSE has listed new debt securities of Asirvad Microfinance Limited issued on private placement basis. The securities carry 8.70% per annum interest rate with quarterly payment and mature on August 12, 2028.
Key Points
- Quantity: 2,500 securities with market lot of 1
- Scrip Code: 977018, Scrip ID: 870AML28
- ISIN Number: INE516Q08448
- Face Value: Rs. 1,00,000 per security
- Credit Rating: CRISIL AA-/Stable
- Issue Price: Rs. 1,00,000 (at par)
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Securities will be traded only in dematerialized form
- Tick size for the securities is 1 paise
- Trading members can refer to Placement Memorandum on BSE website for further details
Important Dates
- Date of Allotment: August 12, 2025
- Interest Payment: Quarterly
- Date of Redemption: August 12, 2028
- Trading Commencement: August 13, 2025
Impact Assessment
Minimal market impact as this is a routine debt security listing. The securities are available for trading on BSE Debt segment and provide investors with an AA- rated investment option in the microfinance sector with attractive 8.70% yield.
Impact Justification
Routine debt security listing with standard terms, limited market impact