Description

BSE lists new Commercial Paper of BHEL worth Rs. 500 crores with 3-month maturity and CARE A1+ rating.

Summary

BSE has listed new Commercial Paper issued by Bharat Heavy Electricals Limited (BHEL) on private placement basis. The instrument is worth Rs. 500 crores (10,000 units of Rs. 5 lakhs each) with a 3-month maturity period and carries CARE A1+ and IND A1+ credit ratings.

Key Points

  • Commercial Paper denomination: Rs. 5,00,000 per unit
  • Total quantity: 10,000 units (Rs. 500 crores)
  • Issue price: Rs. 4,92,411.50 per unit
  • Credit rating: CARE A1+ and IND A1+
  • Scrip Code: 730149, ISIN: INE257A14AC7
  • Trading only in dematerialized form
  • Standard trading denomination: Rs. 5 lakhs and multiples
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes introduced.

Compliance Requirements

  • Trading members must trade securities only in dematerialized form
  • Trading must be in standard denominations of Rs. 5 lakhs and multiples thereof
  • ICICI Bank Limited acts as Issuing and Paying Agent

Important Dates

  • Allotment Date: September 4, 2025
  • Trading Commencement: September 4, 2025
  • Redemption Date: December 3, 2025
  • Maturity Period: 90 days

Impact Assessment

Minimal market impact as this is a routine commercial paper listing. The instrument provides BHEL with short-term funding while offering investors a highly-rated debt security with 3-month maturity. The A1+ rating indicates strong creditworthiness and low default risk.

Impact Justification

Routine commercial paper listing with no significant market implications