Description

BSE announces listing of new debt securities worth Rs. 50 crores by Kotak Mahindra Prime Limited with 7.25% interest rate and 5-year maturity.

Summary

BSE has listed new debt securities of Kotak Mahindra Prime Limited worth Rs. 50 crores issued on private placement basis. The securities carry a 7.25% annual interest rate with a 5-year maturity period and AAA credit rating from both CRISIL and ICRA.

Key Points

  • Quantity: 50,000 securities with face value of Rs. 1,00,000 each
  • Scrip Code: 977041, Scrip ID: 725KMPL30
  • ISIN: INE916DA7TC0
  • Interest Rate: 7.25% per annum, paid annually
  • Credit Rating: CRISIL AAA/stable, ICRA AAA/STABLE
  • Trading only in dematerialised form with tick size of 1 paise

Regulatory Changes

No regulatory changes. Standard debt securities listing procedure followed.

Compliance Requirements

  • Trading members must trade these securities only in dematerialised form
  • Securities to be traded under the specified ISIN number
  • Refer to Placement Memorandum for detailed terms and conditions

Important Dates

  • Date of Allotment: August 20, 2025
  • Interest Payment Dates: Annually from August 20, 2026 to August 20, 2030
  • Date of Redemption: August 20, 2030
  • Effective Trading Date: August 21, 2025

Impact Assessment

Minimal market impact as this is a routine private placement listing. The AAA rating indicates high credit quality. The 7.25% interest rate is competitive for current market conditions. Impact limited to debt market participants and institutional investors.

Impact Justification

Routine debt listing with standard terms, limited market impact