Description

National Bank for Agriculture and Rural Development has listed 11,000 Commercial Papers worth Rs. 5 lakh each on BSE Debt segment, with maturity date of February 6, 2026.

Summary

National Bank for Agriculture and Rural Development (NABARD) has listed new Commercial Papers on BSE’s Debt segment effective November 10, 2025. The listing comprises 11,000 Commercial Papers issued on a private placement basis, each with a face value of Rs. 5,00,000. The instruments carry credit ratings of ICRA A1+ and IND A1+, with Axis Bank Ltd serving as the Issuing and Paying Agent.

Key Points

  • Issuer: National Bank for Agriculture and Rural Development
  • Security Type: Commercial Paper (Private Placement)
  • Quantity: 11,000 units
  • Face Value: Rs. 5,00,000 per unit
  • Issue Price: Rs. 4,92,618.50 per unit
  • Scrip Code: 730524
  • Scrip ID: NBAR071125
  • ISIN: INE261F14ON6
  • Credit Rating: ICRA A1+, IND A1+
  • Market Lot: 1
  • Tick Size: 1 paise
  • Trading Mode: Dematerialized form only
  • Standard Denomination: Rs. 5 lakhs and multiples thereof

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE261F14ON6
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size of 1 paise must be maintained for these securities

Important Dates

  • Listing Date: November 10, 2025
  • Allotment Date: November 7, 2025
  • Redemption Date: February 6, 2026

Impact Assessment

This is a routine debt instrument listing with minimal market impact. The commercial paper listing provides NABARD with short-term funding and offers institutional investors a highly-rated debt instrument with approximately 3-month maturity. Trading is restricted to the debt segment with no impact on equity markets or retail investors. The high credit ratings (A1+) indicate low credit risk for investors.

Impact Justification

Routine listing of commercial paper on private placement basis with no impact on equity markets or trading regulations