Description
KEC International Limited's new commercial paper worth Rs. 75 crores listed on BSE Debt segment for trading.
Summary
KEC International Limited has listed new commercial paper securities worth Rs. 75 crores on BSE’s debt segment. The securities were issued on private placement basis with face value of Rs. 5 lakhs each and will be traded in dematerialized form only.
Key Points
- 1,500 commercial paper units of Rs. 5 lakh each listed
- Issue price: Rs. 4,91,391 per unit (discount to face value)
- Credit rating: CRISIL A1+, IND A1+
- Trading effective from September 9, 2025
- Axis Bank Limited acts as Issuing and Paying agent
Regulatory Changes
No regulatory changes introduced. Standard commercial paper listing process followed.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size for trading is 1 paise
Important Dates
- Allotment Date: September 9, 2025
- Listing Date: September 9, 2025
- Redemption Date: December 5, 2025
Impact Assessment
Minimal market impact as this is a routine debt instrument listing. The commercial paper provides short-term funding option for KEC International Limited with approximately 87-day tenure.
Impact Justification
Routine commercial paper listing with no significant market impact