Description
HDFC Securities Limited has listed new commercial paper worth Rs. 300 crores on BSE Debt segment with 3-month maturity.
Summary
HDFC Securities Limited has successfully listed new commercial paper worth Rs. 300 crores (6,000 units of Rs. 5 lakh each) on BSE’s Debt segment. The paper was issued on private placement basis with a 3-month maturity period and carries credit ratings of CARE A1+ and ICRA A1+.
Key Points
- Issue size: Rs. 300 crores (6,000 units of Rs. 5 lakh each)
- Issue price: Rs. 4,92,002.50 per unit against face value of Rs. 5,00,000
- Credit rating: CARE A1+ and ICRA A1+
- Scrip code: 730152, Scrip ID: HDFCSL4925
- ISIN: INE700G14PP3
- Trading in dematerialized form only
- Standard 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 allowed only in standard denomination of Rs. 5 lakhs and multiples
- HDFC Bank Limited serves as Issuing and Paying agent
Important Dates
- Allotment date: September 4, 2025
- Trading commencement: September 4, 2025
- Redemption date: December 4, 2025
- Maturity period: 3 months
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. The instrument provides HDFC Securities with short-term funding at competitive rates given the high credit ratings. No significant impact on secondary market trading expected.
Impact Justification
Routine commercial paper listing with no broader market implications