Description

BSE announces listing of two new debt securities issued by Kotak Mahindra Prime Limited on private placement basis, effective October 15, 2025.

Summary

BSE has listed two new debt securities issued by Kotak Mahindra Prime Limited on private placement basis, effective October 15, 2025. The first security (ISIN: INE916DA7TF3) has a face value of Rs. 1,00,000, maturity date of October 14, 2030, and carries an interest rate of 7.2640% p.a. with CRISIL-AAA/STABLE and ICRA AAA/STABLE ratings. The second security (ISIN: INE916DA7TA4) is a further listing under an existing ISIN, with face value of Rs. 1,00,000, maturity date of June 19, 2028, and interest rate of 7.1554% p.a. with CRISIL AAA/stable rating.

Key Points

  • Two debt securities of Kotak Mahindra Prime Limited listed on BSE Debt segment
  • First security: 40,000 units with scrip code 977209, ISIN INE916DA7TF3, 7.2640% interest rate, maturing October 14, 2030
  • Second security: 20,000 units with scrip code 976816, ISIN INE916DA7TA4 (further listing), 7.1554% interest rate, maturing June 19, 2028
  • Both securities rated AAA by CRISIL and/or ICRA indicating highest credit quality
  • Securities to be traded only in dematerialized form
  • Market lot is 1 unit for both securities
  • Tick size for trading is 1 paise
  • Date of allotment for both securities: October 14, 2025

Regulatory Changes

No regulatory changes announced. This is a standard listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for detailed information
  • Any clarifications required should be directed to BSE debt department on 22728352/8597/8995/5753/8915

Important Dates

  • Listing Date: October 15, 2025
  • Allotment Date (both securities): October 14, 2025
  • Interest Payment Dates (ISIN INE916DA7TF3): Annually from October 14, 2026 to October 14, 2030
  • Redemption Date (ISIN INE916DA7TF3): October 14, 2030
  • Interest Payment Dates (ISIN INE916DA7TA4): Annually from June 19, 2026 to June 19, 2028
  • Redemption Date (ISIN INE916DA7TA4): June 19, 2028

Impact Assessment

Market Impact: Minimal. This is a routine private placement listing that expands the debt securities available for institutional investors. The AAA ratings indicate high credit quality instruments.

Operational Impact: Low. Trading members need to be aware of the new scrip codes and ISIN numbers for trading purposes. The securities follow standard trading protocols with dematerialized form requirement and 1 paise tick size.

Investor Impact: Relevant primarily for institutional investors and debt market participants seeking AAA-rated fixed income instruments with tenures of approximately 3 years (2028 maturity) and 5 years (2030 maturity). The interest rates of 7.1554% and 7.2640% reflect prevailing market conditions for AAA-rated corporate bonds.

Impact Justification

Routine debt securities listing notification for private placement bonds; affects debt segment participants and institutional investors only