Description
BSE announces listing of new private placement debt securities (PTCs) by LoanX Verbena Jul 2025 with 12.3% interest rate, maturing July 2029
Summary
BSE has listed new Pass Through Certificates (PTCs) issued by LoanX Verbena Jul 2025 on private placement basis, effective September 2, 2025. The securities carry a 12.3% annual interest rate with monthly payments and will mature on July 26, 2029.
Key Points
- Total quantity listed: 7,013 units
- Face value and issue price: Rs. 10,000 per unit
- Interest rate: 12.3% per annum
- Payment frequency: Monthly from September 26, 2025 to July 26, 2029
- Credit rating: Acuite BBB+ SO
- Trading only in dematerialized form
- Tick size: 1 paise
Regulatory Changes
No regulatory changes announced. This is a routine listing notification for debt securities.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Securities to be traded under ISIN INE2GIZ15013
- Market lot size is 1 unit
- Placement Memorandum available on BSE website for detailed terms
Important Dates
- Listing Date: September 2, 2025
- Allotment Date: August 28, 2025
- First Interest Payment: September 26, 2025
- Maturity Date: July 26, 2029
Impact Assessment
Minimal market impact as this is a private placement debt issuance. The securities provide fixed-income investment opportunity with BBB+ rating and 12.3% annual return. No put/call options available, indicating a straightforward debt instrument with no early redemption features.
Impact Justification
Routine listing of debt securities with limited market-wide impact