Description
Three new debt securities of SAPPHIRE 08 2025 listed on BSE Debt segment with different interest rates and maturity dates.
Summary
BSE has listed three new debt securities of SAPPHIRE 08 2025 on private placement basis effective September 3, 2025. The securities have varying interest rates (8.75%, 9.90%, and 11.25% p.a.) and maturity dates ranging from August 2026 to March 2028.
Key Points
- Three debt securities with different tenures and interest rates
- All securities issued on private placement basis with face value of Rs. 1.00
- Date of allotment: August 29, 2025
- Monthly interest payment structure
- Trading only in dematerialized form
- Tick size: 1 paise
- Market lot: 100,000 for all securities
Security Details
Security 1 (Scrip Code: 977082)
- Interest Rate: 8.75% p.a.
- Maturity: August 20, 2026
- Quantity: 335,427,917
- Credit Rating: IND A1+(SO)
- ISIN: INE2GPK15010
Security 2 (Scrip Code: 977083)
- Interest Rate: 9.90% p.a.
- Maturity: March 20, 2028
- Quantity: 161,263,422
- Credit Rating: IND AA-(SO)/Stable
- ISIN: INE2GPK15028
Security 3 (Scrip Code: 977084)
- Interest Rate: 11.25% p.a.
- Maturity: March 20, 2028
- Quantity: 48,379,026
- Credit Rating: IND A(SO)/Stable
- ISIN: INE2GPK15036
Compliance Requirements
- Securities must be traded only in dematerialized form
- Trading members should refer to Placement Memorandum for additional details
- Contact debt department for clarifications at specified phone numbers
Important Dates
- Listing Date: September 3, 2025
- Allotment Date: August 29, 2025
- First Interest Payment: October 20, 2025
- Maturity Dates: August 20, 2026 (first security), March 20, 2028 (second and third securities)
Impact Assessment
Routine debt security listing with minimal market impact. Provides additional investment options for institutional investors in the debt segment with varying risk-return profiles based on different credit ratings and interest rates.
Impact Justification
Routine debt security listing with no broad market impact