Description

BSE announces the listing of commercial paper securities from six issuers including Julius Baer Capital, Tata Housing, Mahindra Rural Housing Finance, 360 ONE WAM, Bajaj Finance, and DSP Finance on the debt market segment.

Summary

BSE has listed commercial paper securities issued on a private placement basis by six companies on its debt market segment. The listing includes fresh listings from Julius Baer Capital (India) Private Limited, Tata Housing Development Company Limited, Mahindra Rural Housing Finance Limited, 360 ONE WAM LIMITED, and Bajaj Finance Limited, along with a further listing from DSP Finance Private Limited. All securities are rated A1+ by various credit rating agencies and will trade in dematerialized form only.

Key Points

  • Total of 22,500 commercial paper units listed with aggregate face value of Rs. 1,125 crore
  • All securities trade in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size set at 1 paise for all listed securities
  • Trading permitted only in dematerialized form under specified ISIN numbers
  • Interest rates range from 6.29% to 7.21% p.a. on a cumulative basis
  • All commercial papers have maturity periods of 3 to 6 months
  • Credit ratings: All securities rated A1+ by CRISIL, CARE, ICRA, or IND rating agencies

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Transactions must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Trading must use the tick size of 1 paise as specified

Important Dates

  • Notice Date: December 23, 2025
  • Allotment Dates: December 22-23, 2025
  • Redemption Dates:
    • March 10, 2026: Mahindra Rural Housing Finance Limited CP
    • March 23, 2026: Tata Housing Development, DSP Finance, Bajaj Finance CP
    • March 26, 2026: 360 ONE WAM LIMITED CP
    • June 22, 2026: Julius Baer Capital (India) Private Limited CP

Impact Assessment

Market Impact: Minimal. This is a routine administrative notice for debt market participants regarding the listing of commercial paper securities. The circular affects only the debt market segment and has no impact on equity trading.

Operational Impact: Low. Trading members dealing in debt securities need to note the new scrip codes, ISIN numbers, and trading parameters for these commercial paper instruments.

Investor Impact: Limited to institutional and high-net-worth investors who participate in the commercial paper market, as the minimum trading lot is Rs. 5 lakhs.

Impact Justification

Routine listing of privately placed commercial paper securities affecting debt market segment only, with no impact on equity trading or broad market operations