Description

BSE announces listing of three new debt securities issued by SAPPHIRE 08 2025 on private placement basis with varying interest rates and maturity dates.

Summary

BSE has listed three new debt securities issued by SAPPHIRE 08 2025 on private placement basis, effective September 3, 2025. The securities include Pass Through Certificates (PTCs) with interest rates ranging from 8.75% to 11.25% per annum and maturity dates between August 2026 and March 2028.

Key Points

  • Three new debt securities listed on BSE Debt segment
  • All securities issued on private placement basis
  • Date of allotment: August 29, 2025
  • Trading only in dematerialized form
  • Tick size: 1 paise
  • Market lot: 100,000 for all securities

Security Details

SPHIR-8.75%-20-8-26-PTC (Scrip Code: 977082)

  • Quantity: 335,427,917
  • Interest Rate: 8.75% p.a.
  • Maturity: August 20, 2026
  • Credit Rating: IND A1+(SO)
  • ISIN: INE2GPK15010

SPHIR-9.90%-20-3-28-PTC (Scrip Code: 977083)

  • Quantity: 161,263,422
  • Interest Rate: 9.90% p.a.
  • Maturity: March 20, 2028
  • Credit Rating: IND AA-(SO)/Stable
  • ISIN: INE2GPK15028

SPHIR-11.25%-20-3-28-PTC (Scrip Code: 977084)

  • Quantity: 48,379,026
  • Interest Rate: 11.25% p.a.
  • Maturity: March 20, 2028
  • Credit Rating: IND A(SO)/Stable
  • ISIN: INE2GPK15036

Important Dates

  • Listing Date: September 3, 2025
  • Allotment Date: August 29, 2025
  • First Interest Payment: October 20, 2025 (for all securities)
  • Maturity Dates: August 20, 2026 and March 20, 2028
  • Interest Payment Frequency: Monthly

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Securities will be traded under the specified ISIN numbers
  • Refer to Placement Memorandum available on BSE website for detailed information
  • Contact BSE debt department for any clarifications

Impact Assessment

Minimal market impact as this is a routine listing of debt securities. The listing expands the debt market offerings and provides additional investment options for institutional investors. The varying credit ratings and interest rates reflect different risk-return profiles for investors.

Impact Justification

Routine debt securities listing announcement with limited market impact