Description
GIC Housing Finance Ltd. has listed new Commercial Paper worth Rs. 150 crores on BSE Debt segment with maturity in May 2026.
Summary
GIC Housing Finance Ltd. has successfully listed new Commercial Paper securities on BSE’s Debt segment. The listing includes 3,000 units of Commercial Paper with face value of Rs. 5 lakhs each, raising Rs. 150 crores through private placement.
Key Points
- Commercial Paper of Rs. 5,00,000 face value each listed on BSE Debt segment
- Total quantity: 3,000 units (Rs. 150 crores)
- Issue price: Rs. 4,75,042.50 per unit
- Scrip Code: 730019, ISIN: INE289B14JV9
- Credit Rating: CRISIL A1+, ICRA A1+
- Trading in dematerialised form only
- Standard denomination: Rs. 5 lakhs and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes introduced. Standard listing procedures followed for commercial paper.
Compliance Requirements
- Trading members must trade securities only in dematerialised form
- Trading restricted to standard denomination of Rs. 5 lakhs and multiples
- HDFC Bank Ltd. acts 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 by GIC Housing Finance Ltd. The high credit ratings (A1+) indicate strong creditworthiness. No impact on equity markets or broader trading operations expected.
Impact Justification
Standard commercial paper listing with no market-wide implications