Description

BSE lists 36,000 commercial papers worth Rs. 1,800 crores issued by Bajaj Financial Securities Limited with maturity dates in March 2026.

Summary

BSE has listed two series of Commercial Papers issued by Bajaj Financial Securities Limited on private placement basis, totaling 36,000 units with an aggregate value of Rs. 1,800 crores. Both series have face value of Rs. 5 lakh each, issue price of Rs. 4,91,869.50, and mature in March 2026. The instruments are rated CRISIL A1+ and IND A1+, with ICICI Bank Limited acting as Issuing and Paying Agent.

Key Points

  • Series 1 (BFSL111225): 25,000 units allotted on December 11, 2025, maturing on March 12, 2026 (Scrip Code: 730760, ISIN: INE01C314DR3)
  • Series 2 (BFSL121225): 11,000 units allotted on December 12, 2025, maturing on March 13, 2026 (Scrip Code: 730761, ISIN: INE01C314DS1)
  • Face value and paid-up value: Rs. 5,00,000 per unit
  • Issue price: Rs. 4,91,869.50 per unit (discount of Rs. 8,130.50 per unit)
  • Credit rating: CRISIL A1+ and IND A1+
  • Trading only in dematerialized form
  • Market lot: 1 unit
  • Tick size: 1 paise

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading shall take place in standard denomination of Rs. 5 lakhs and multiples thereof
  • Securities will be traded on BSE Debt segment effective December 12, 2025

Important Dates

  • Series 1 Allotment Date: December 11, 2025
  • Series 2 Allotment Date: December 12, 2025
  • Listing Effective Date: December 12, 2025
  • Series 1 Redemption Date: March 12, 2026
  • Series 2 Redemption Date: March 13, 2026

Impact Assessment

Market Impact: Minimal. This is a routine commercial paper listing in the debt segment with no impact on equity markets.

Operational Impact: Standard debt market operations for trading members. The instruments provide short-term investment opportunities (approximately 3-month tenure) for debt market participants.

Investor Relevance: Limited to debt market investors and institutional participants dealing in commercial paper instruments. The high credit rating (A1+) indicates low credit risk for the 91-day investment period.

Impact Justification

Routine commercial paper listing for debt market operations with no direct impact on equity markets or regulatory framework