Description
BSE announces listing of new private placement debt securities of Neogen Chemicals Limited worth Rs. 200 crore with 10.50% interest rate.
Summary
BSE has listed new debt securities of Neogen Chemicals Limited issued on private placement basis. The securities carry a face value of Rs. 1 lakh each with a total quantity of 20,000 units, representing Rs. 200 crore in value. The bonds offer 10.50% annual interest with monthly payments and mature on February 12, 2028.
Key Points
- Quantity: 20,000 securities with face value of Rs. 1,00,000 each
- Total value: Rs. 200 crore
- Interest rate: 10.50% per annum paid monthly
- Credit rating: CRISIL A-
- ISIN: INE136S07013
- Scrip Code: 977028
- Date of allotment: August 12, 2025
- Trading in dematerialized form only
- Tick size: 1 paise
Regulatory Changes
No regulatory changes. Standard debt listing procedure followed.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Securities to be traded under specified ISIN number
- Placement memorandum available on BSE website for detailed terms
Important Dates
- Date of allotment: August 12, 2025
- Interest payment dates: Monthly from August 31, 2025 to February 12, 2028
- Redemption date: February 12, 2028
- Put/Call option dates: July 31, 2027
- Trading commencement: August 14, 2025
Impact Assessment
Minimal market impact as this is a routine private placement debt listing. The securities provide institutional investors access to Neogen Chemicals debt with attractive 10.50% yield. The CRISIL A- rating indicates adequate safety with moderate credit risk.
Impact Justification
Routine debt listing with limited market impact