Description
BSE lists new debt securities of Asirvad Microfinance Limited with 8.7% interest rate and 3-year maturity period.
Summary
BSE has listed new debt securities of Asirvad Microfinance Limited issued on private placement basis effective September 1, 2025. The securities carry an 8.7% annual interest rate with maturity on August 29, 2028.
Key Points
- Quantity: 7,500 securities with market lot of 1
- Scrip Code: 977066, Scrip ID: 87AML28
- ISIN Number: INE516Q08455
- Face Value and Issue Price: Rs. 100,000 each
- Credit Rating: CRISIL AA-/Stable
- Interest Rate: 8.7% per annum
- Securities will trade only in dematerialized form
- Tick size: 1 paise
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must ensure transactions are conducted in dematerialized form only
- Reference to Placement Memorandum available on BSE website for detailed terms
- Contact debt department for clarifications on specified phone numbers
Important Dates
- Allotment Date: August 29, 2025
- Trading Commencement: September 1, 2025
- Interest Payment Dates: Annually from August 29, 2026 to August 29, 2028
- Redemption Date: August 29, 2028
Impact Assessment
Minimal market impact as this is a routine private placement listing in the debt segment. The securities provide institutional investors access to AA- rated microfinance debt instruments with competitive interest rates.
Impact Justification
Routine debt securities listing with limited market impact