Description
BSE announces listing and admission to dealings of seven new privately placed debt securities of Adani Transmission Step-Two Limited with tenures ranging from 2026 to 2042.
Summary
BSE has listed seven new debt securities issued by Adani Transmission Step-Two Limited on private placement basis, effective October 23, 2025. The securities have face values of Rs. 100,000 each, interest rates ranging from 7.70% to 7.99% per annum, and maturity dates spanning from December 2026 to September 2042. All securities carry CRISIL AA+/Stable and IND AA+/Stable credit ratings, with quarterly interest payments and allotment date of October 17, 2025.
Key Points
- Seven new debt securities listed on BSE Debt segment effective October 23, 2025
- Total quantity of 99,500 debentures issued (combined across all seven securities)
- Face value: Rs. 100,000 per debenture for all securities
- Interest rates: 7.70% to 7.99% p.a. depending on tenure
- Date of allotment: October 17, 2025
- Credit ratings: CRISIL AA+/Stable and IND AA+/Stable
- Interest payment frequency: Quarterly for all securities
- Trading only in dematerialized form
- Tick size: 1 paise
- Market lot: 1 for all securities
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form under the respective ISIN numbers
- Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for complete details
- Tick size of 1 paise must be followed for trading these securities
Important Dates
- Date of Allotment: October 17, 2025
- Listing Date: October 23, 2025
- First Interest Payment: December 31, 2025 (for all securities)
- Redemption Dates:
- ATSTL-7.70%-31-12-26-PVT (Scrip Code 977232): December 31, 2026
- ATSTL-7.70%-30-9-27-PVT (Scrip Code 977233): September 30, 2027
- ATSTL-7.70%-30-9-28-PVT (Scrip Code 977235): September 30, 2028
- ATSTL-7.75%-30-9-29-PVT (Scrip Code 977236): September 30, 2029
- ATSTL-7.75%-30-9-30-PVT (Scrip Code 977237): September 30, 2030
- ATSTL-7.80%-30-9-40-PVT (Scrip Code 977238): September 30, 2040
- ATSTL-7.99%-30-9-42-PVT (Scrip Code 977239): September 30, 2042
Impact Assessment
Market Impact: Low. This is a routine listing notification for privately placed debt securities. The securities are listed on the BSE Debt segment and will have limited participation from institutional investors.
Operational Impact: Minimal. Trading members dealing in debt securities can now trade these seven new instruments. The securities follow standard trading protocols with dematerialized trading and 1 paise tick size.
Investor Impact: Limited to debt market participants. The securities offer competitive interest rates (7.70%-7.99% p.a.) with strong credit ratings (AA+), providing options for fixed-income investors across various tenures from short-term (2026) to long-term (2042).
Issuer Profile: Adani Transmission Step-Two Limited is part of the Adani Group’s transmission infrastructure business. The diverse maturity profile suggests strategic debt management with ladder financing approach.
Security Details
| Scrip Code | ISIN | Detail Name | Quantity | Interest Rate | Redemption Date |
|---|---|---|---|---|---|
| 977232 | INE0YRB07076 | ATSTL-7.70%-31-12-26-PVT | 7,280 | 7.70% | Dec 31, 2026 |
| 977233 | INE0YRB07068 | ATSTL-7.70%-30-9-27-PVT | 7,180 | 7.70% | Sep 30, 2027 |
| 977235 | INE0YRB07050 | ATSTL-7.70%-30-9-28-PVT | 9,460 | 7.70% | Sep 30, 2028 |
| 977236 | INE0YRB07043 | ATSTL-7.75%-30-9-29-PVT | 9,360 | 7.75% | Sep 30, 2029 |
| 977237 | INE0YRB07019 | ATSTL-7.75%-30-9-30-PVT | 6,720 | 7.75% | Sep 30, 2030 |
| 977238 | INE0YRB07027 | ATSTL-7.80%-30-9-40-PVT | 48,286 | 7.80% | Sep 30, 2040 |
| 977239 | INE0YRB07035 | ATSTL-7.99%-30-9-42-PVT | 11,214 | 7.99% | Sep 30, 2042 |
Note: No put or call options are available on any of these securities.
Impact Justification
Routine listing notification for debt securities on private placement basis. Limited market-wide impact as these are privately placed debentures with trading restricted to debt segment participants.