Description
GIC Housing Finance Ltd. has listed new commercial papers worth Rs. 15 crores on BSE Debt segment with CRISIL A1+ and ICRA A1+ ratings.
Summary
GIC Housing Finance Ltd. has listed new commercial papers worth Rs. 15 crores (3000 units of Rs. 5 lakh each) on BSE Debt segment. The instruments carry CRISIL A1+ and ICRA A1+ credit ratings and are issued on private placement basis.
Key Points
- Securities: Commercial Paper of Rs. 5,00,000/- each
- Quantity: 3000 units (Total value: Rs. 15 crores)
- Scrip Code: 730019
- ISIN: INE289B14JV9
- Credit Rating: CRISIL A1+, ICRA A1+
- Issue Price: Rs. 475,042.50 per 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 these securities only in dematerialized form
- Trading must be in standard denomination of Rs. 5 lakhs and multiples thereof
- HDFC Bank Ltd. serves as Issuing and Paying Agent
Important Dates
- Allotment Date: August 13, 2025
- Listing Date: August 14, 2025
- Redemption Date: May 22, 2026
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. The high credit ratings (A1+) indicate strong creditworthiness. The 9-month tenure provides short-term investment option for institutional investors in the debt market.
Impact Justification
Routine commercial paper listing with no broad market impact