Description
TATA Steel Limited's commercial paper worth Rs. 1,100 crores (22,000 securities of Rs. 5 lakhs each) listed on BSE Debt segment with maturity on March 6, 2026.
Summary
BSE has listed new commercial paper securities issued by TATA Steel Limited on private placement basis, effective December 12, 2025. The issuance consists of 22,000 securities with a face value of Rs. 5 lakhs each, totaling Rs. 1,100 crores. The commercial paper carries credit ratings of ICRA A1+ and IND A1+ and will mature on March 6, 2026.
Key Points
- Total issuance: 22,000 commercial paper securities aggregating Rs. 1,100 crores
- Face value: Rs. 5,00,000 per security
- Issue price: Rs. 4,92,929 per security (discount of Rs. 7,071)
- Scrip Code: 730723
- Scrip ID: TSL081225
- ISIN: INE081A14GK1 (further listing under same ISIN)
- Credit ratings: ICRA A1+ and IND A1+
- Market lot: 1 security
- Tick size: 1 paise
- Trading mode: Dematerialized form only
- Standard trading denomination: Rs. 5 lakhs and multiples thereof
- Issuing and Paying Agent: HDFC Bank
Regulatory Changes
No regulatory changes introduced. This is a routine listing notification for debt securities.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form under ISIN INE081A14GK1
- Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
- Trading members should contact BSE debt department (phone: 22728352/8597/8995/5753/8915) for any clarifications
Important Dates
- Notice Date: December 12, 2025
- Date of Allotment: December 11, 2025
- Listing Date: December 12, 2025
- Redemption Date: March 6, 2026
- Tenure: Approximately 84 days
Impact Assessment
Market Impact: Minimal. This is a routine commercial paper listing by a blue-chip corporate issuer (TATA Steel) for short-term funding requirements. The listing expands the available inventory of high-rated short-term debt instruments in the BSE debt segment.
Investor Impact: Institutional investors and high net-worth individuals gain access to additional short-term investment opportunities in TATA Steel’s commercial paper with strong credit ratings (A1+), offering approximately 6% annualized yield based on the discount to face value.
Operational Impact: No operational changes for trading members. Standard debt segment trading procedures apply with dematerialized trading in Rs. 5 lakh denominations.
Impact Justification
Routine commercial paper listing with no market-wide implications; affects only debt segment participants and institutional investors in TATA Steel's short-term debt instruments.