Description

IRB InvIT Fund has listed three new debt securities on BSE Debt segment with tenures of 5, 10, and 15 years, rated IND AAA/Stable.

Summary

IRB InvIT Fund has listed three new debt securities on the BSE Debt segment effective November 6, 2025. The securities were issued on a private placement basis with allotment date of November 4, 2025. All three tranches carry IND AAA/Stable credit rating with face value of Rs. 1,00,000 each and quarterly interest payments.

Key Points

  • Three debt securities listed with different tenures: 5-year, 10-year, and 15-year
  • Total issuance: 57,500 units (5-year), 30,000 units (10-year), and 27,500 units (15-year)
  • Interest rates: 7.35% p.a. (5-year), 7.40% p.a. (10-year and 15-year)
  • All securities rated IND AAA/Stable by credit rating agency
  • Securities to be traded only in dematerialized form
  • Market lot size of 1 unit with tick size of 1 paise
  • Issue price at par (Rs. 1,00,000 per unit)

Security Details

Tranche 1 (5-year):

  • Scrip Code: 977274, Scrip ID: 735IIF30
  • ISIN: INE183W07025
  • Quantity: 57,500 units
  • Interest Rate: 7.35% p.a.
  • Redemption Date: November 4, 2030

Tranche 2 (10-year):

  • Scrip Code: 977275, Scrip ID: 74IIF35
  • ISIN: INE183W07017
  • Quantity: 30,000 units
  • Interest Rate: 7.40% p.a.
  • Redemption Date: November 4, 2035

Tranche 3 (15-year):

  • Scrip Code: 977276, Scrip ID: 74IIF40
  • ISIN: INE183W07033
  • Quantity: 27,500 units
  • Interest Rate: 7.40% p.a.
  • Redemption Date: November 4, 2040

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Adherence to tick size of 1 paise for trading
  • Market lot of 1 unit to be maintained
  • No put/call options available on these securities

Important Dates

  • Allotment Date: November 4, 2025
  • Listing Date: November 6, 2025
  • First Interest Payment: December 31, 2025
  • Interest Payment Frequency: Quarterly
  • Redemption Dates:
    • 5-year tranche: November 4, 2030
    • 10-year tranche: November 4, 2035
    • 15-year tranche: November 4, 2040

Impact Assessment

This is a routine debt security listing with limited market-wide impact. The AAA rating indicates strong credit quality for the InvIT’s obligations. The staggered maturity structure (5, 10, and 15 years) provides investors with options across different tenures. The 5-15 basis points premium for longer tenures reflects standard yield curve expectations. Trading members in the debt segment can access these securities for institutional and qualified investors interested in infrastructure investment trust debt instruments.

Impact Justification

Routine debt security listing for infrastructure InvIT with standard terms, limited broader market impact