Description

BSE announces listing of new Pass Through Certificates (PTCs) worth ₹303.38 crore issued by RAFALE - 2025 on private placement basis, bearing 11.50% p.a. interest.

Summary

BSE has listed new debt securities issued by RAFALE - 2025 on the Debt segment effective December 3, 2025. The securities are Pass Through Certificates (PTCs) worth ₹303,377,462 issued on private placement basis with ISIN INE2NN915016. The PTCs carry an interest rate of 11.50% per annum payable monthly and will mature on May 17, 2028.

Key Points

  • Scrip Code: 977338
  • Scrip ID: 115RFALE28
  • ISIN: INE2NN915016
  • Quantity: 303,377,462 units
  • Face Value: ₹1.00
  • Issue Price: ₹1.00
  • Market Lot: 100,000 units
  • Credit Rating: ICRA A(SO)
  • Interest Rate: 11.50% per annum
  • Interest Payment: Monthly from December 17, 2025 to May 17, 2028
  • Allotment Date: November 28, 2025
  • Redemption Date: May 17, 2028
  • Put/Call Option: Not Applicable

Regulatory Changes

No regulatory changes announced. This is a standard listing notification for debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE2NN915016
  • Tick size for the securities is 1 paise
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for further details
  • For clarifications, trading members may contact BSE debt department on 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: November 28, 2025
  • Listing Date: December 3, 2025
  • First Interest Payment: December 17, 2025
  • Maturity/Redemption Date: May 17, 2028

Impact Assessment

This listing has minimal market-wide impact as it pertains to privately placed debt securities (PTCs) of a specific trust structure. The securities will only be accessible to institutional and eligible investors who participated in the private placement. The listing provides an organized secondary market platform for these debt instruments with monthly interest servicing over approximately 2.5 years tenure.

Impact Justification

Routine debt security listing announcement for PTCs issued by RAFALE - 2025 on private placement basis with limited market-wide impact