Description
BSE announces listing of TATA STEEL LIMITED's Commercial Paper worth Rs. 5.5 billion on the debt segment with ICRA A1+ and IND A1+ credit ratings
Summary
BSE has listed TATA STEEL LIMITED’s Commercial Paper issued on private placement basis effective September 2, 2025. The issuance comprises 11,000 units of Rs. 5,00,000 each, totaling Rs. 5.5 billion, with maturity on November 28, 2025. The instruments carry ICRA A1+ and IND A1+ credit ratings, indicating highest safety.
Key Points
- Commercial Paper of Rs. 5,00,000 face value each listed on BSE Debt segment
- Total quantity: 11,000 units (Rs. 5.5 billion total value)
- Scrip Code: 730126, Scrip ID: TSL010925
- ISIN: INE081A14GC8
- Issue Price: Rs. 4,92,987.50 (discount to face value)
- Credit Rating: ICRA A1+ and IND A1+
- Maturity: November 28, 2025 (88 days)
- HDFC Bank Limited appointed as Issuing and Paying Agent
Regulatory Changes
No regulatory changes announced. Standard listing procedures apply.
Compliance Requirements
- Trading members must note securities will trade only in dematerialized form
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size for securities is 1 paise
- Market lot size is 1 unit
Important Dates
- Allotment Date: September 1, 2025
- Listing Date: September 2, 2025
- Redemption Date: November 28, 2025
Impact Assessment
Minimal market impact as this is a routine short-term debt listing with highest credit rating. The 88-day Commercial Paper provides TATA STEEL with working capital financing at competitive rates. High credit ratings indicate strong repayment capability and minimal risk for investors.
Impact Justification
Routine debt listing with high credit rating, no regulatory changes or compliance requirements