Description

Northern Arc Capital Ltd has listed two new Commercial Paper instruments worth Rs. 50 crores and Rs. 250 crores with CARE A1+ rating, maturing in March 2026.

Summary

Northern Arc Capital Ltd has listed two new Commercial Paper instruments on BSE Debt segment effective December 17, 2025. The instruments were issued on private placement basis with allotment date of December 16, 2025, and will mature in March 2026. Both instruments carry CARE A1+ credit rating and will be traded in dematerialized form only.

Key Points

  • Two Commercial Paper instruments listed on BSE Debt segment
  • First CP: 100 units of Rs. 5 lakh each (total Rs. 50 crores), ISIN INE850M14CI7, Scrip Code 730787, maturing March 16, 2026
  • Second CP: 500 units of Rs. 5 lakh each (total Rs. 250 crores), ISIN INE850M14CJ5, Scrip Code 730788, maturing March 17, 2026
  • Both instruments carry CARE A1+ credit rating
  • Issue prices: Rs. 490,268.50 and Rs. 490,222.50 respectively against face value of Rs. 500,000
  • HDFC Bank Limited is the Issuing and Paying Agent
  • Trading permitted only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Market lot: 1 unit

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under specified ISIN numbers
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples
  • Trading members should note the tick size of 1 paise for price movements
  • For clarifications, trading members may contact BSE debt department at specified phone numbers: 22728352/8597/8995/5753/8915

Important Dates

  • Notice Date: December 17, 2025
  • Allotment Date: December 16, 2025
  • Listing Date: December 17, 2025
  • Redemption Date (First CP): March 16, 2026
  • Redemption Date (Second CP): March 17, 2026

Impact Assessment

Market Impact: Minimal. This is a routine commercial paper listing that adds short-term debt instruments to the BSE Debt segment. The listing provides additional investment options for debt market participants seeking highly-rated (CARE A1+) short-term instruments with 3-month maturity.

Operational Impact: Trading members gain access to two new commercial paper instruments for trading and client investment. The instruments offer competitive yields implied by the discount to face value (approximately 8-9% annualized return based on issue price discount).

Liquidity Impact: Limited immediate impact. Commercial papers are typically held to maturity by institutional investors rather than actively traded in secondary markets.

Impact Justification

Routine commercial paper listing notification with no material market impact beyond informing trading members of new debt instruments availability