Description
BSE announces listing of new Commercial Paper worth Rs. 50 crores issued by Mirae Asset Financial Services with CRISIL A1+ rating, maturing on December 8, 2025.
Summary
BSE has listed new Commercial Paper issued by Mirae Asset Financial Services (India) Private Limited on private placement basis, effective September 2, 2025. The issuance comprises 1000 units of Rs. 5 lakhs each, totaling Rs. 50 crores, with a CRISIL A1+ credit rating and maturity date of December 8, 2025.
Key Points
- Total issuance: Rs. 50 crores (1000 units of Rs. 5 lakhs each)
- Credit Rating: CRISIL A1+ (highest short-term rating)
- Scrip Code: 730128
- ISIN: INE0JRU14263
- Issue Price: Rs. 490,905.50 per unit (discount to face value)
- Maturity: December 8, 2025 (98 days tenor)
- Trading in standard denomination of Rs. 5 lakhs and multiples
- HDFC Bank Limited appointed as Issuing and Paying Agent
Regulatory Changes
No regulatory changes announced. This is a routine listing notification for debt securities on BSE.
Compliance Requirements
- Trading members must note that securities will trade only in dematerialized form
- Trading to occur in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size for the securities set at 1 paise
- Market lot size is 1 unit
Important Dates
- Allotment Date: September 1, 2025
- Listing Date: September 2, 2025
- Redemption Date: December 8, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing with strong credit rating (CRISIL A1+). The short-term nature (98 days) and private placement basis indicate this is primarily for institutional investors managing short-term liquidity needs. The issuance adds to the available debt instruments in the market but does not significantly alter market dynamics.
Impact Justification
Routine commercial paper listing with short maturity period and strong credit rating