Description
BSE announces listing of new debt securities (PTCs) worth Rs. 7.01 crore issued by LoanX Verbena Jul 2025 with 12.3% interest rate.
Summary
BSE has announced the listing of new debt securities (Pass Through Certificates) issued by LoanX Verbena Jul 2025 on a private placement basis. The securities, totaling 7,013 units with a face value of Rs. 10,000 each, will be traded on the BSE Debt segment effective September 2, 2025. The securities carry a fixed interest rate of 12.3% per annum with monthly interest payments until maturity.
Key Points
- Total issue size: 7,013 units (Rs. 7.01 crore approximately)
- Face value and issue price: Rs. 10,000 per unit
- Interest rate: 12.3% per annum
- Credit rating: Acuite BBB+ SO
- Scrip code: 977074
- ISIN: INE2GIZ15013
- Securities will trade only in dematerialized form
- Tick size: 1 paise
Regulatory Changes
No new regulatory changes introduced. Standard listing procedures for debt securities on private placement basis apply.
Compliance Requirements
- Trading members must note that securities will trade only in dematerialized form
- Securities must be traded under the specified ISIN number (INE2GIZ15013)
- Tick size of 1 paise must be observed for trading
- Placement Memorandum available on BSE website for reference
Important Dates
- Date of Allotment: August 28, 2025
- Listing Date: September 2, 2025
- Interest Payment: Monthly from September 26, 2025 to July 26, 2029
- Maturity/Redemption Date: July 26, 2029
Impact Assessment
Limited market impact as this is a routine listing of debt securities issued on private placement basis. The relatively small issue size of approximately Rs. 7.01 crore and BBB+ credit rating indicate this is a standard debt instrument listing with no significant implications for the broader market. Trading members dealing in debt securities segment may note the addition for their operations.
Impact Justification
Routine debt securities listing with limited market impact - small issue size of Rs. 7.01 crore