Description
BSE announces listing of new commercial papers worth Rs. 15 crores issued by Axis Finance Limited on private placement basis.
Summary
BSE has listed new commercial papers issued by Axis Finance Limited totaling Rs. 15 crores across two tranches on private placement basis, effective August 25, 2025. The securities will trade in dematerialized form with standard denomination of Rs. 5 lakhs.
Key Points
- Two tranches of commercial papers listed: 1000 units (Rs. 5 crores) and 2000 units (Rs. 10 crores)
- Face value: Rs. 5,00,000 per unit for both tranches
- Credit rating: CRISIL A1+ and IND A1+ for both securities
- Trading in dematerialized form only with tick size of 1 paise
- Axis Bank Limited serves as Issuing and Paying agent
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Standard denomination of Rs. 5 lakhs and multiples thereof
- Securities must be traded under specified ISIN numbers
Important Dates
- Allotment date: August 22, 2025
- Trading commencement: August 25, 2025
- Redemption dates: November 20, 2025 and November 21, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. Provides additional short-term debt investment options for institutional investors in the BSE debt segment.
Impact Justification
Routine commercial paper listing with no market-wide impact