Description

New commercial paper securities from multiple issuers including Tata Housing, ICICI Securities, Tata Steel, Muthoottu Mini Financiers, and Nuvama Wealth have been listed on BSE Debt Segment effective January 8, 2026.

Summary

BSE has listed new commercial paper securities issued on a private placement basis by five companies on its Debt Segment effective January 8, 2026. The securities include commercial papers from Tata Housing Development Company Limited, ICICI Securities Primary Dealership Limited, Tata Steel Limited (two tranches), Muthoottu Mini Financiers Limited, and Nuvama Wealth and Investment Limited. All securities will trade in dematerialized form only.

Key Points

  • Five issuers have listed commercial papers totaling significant value on BSE Debt Segment
  • All securities trade only in dematerialized form under specific ISIN numbers
  • Standard denomination is Rs. 5 lakhs and multiples thereof
  • Tick size for all securities is 1 paise
  • Interest rates range from 6.00% to 9.65% per annum
  • All commercial papers have cumulative interest payment structure
  • Redemption dates range from February 17, 2026 to April 7, 2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples
  • Market lot is 1 unit for all listed securities
  • Trading members requiring clarification should contact debt department on 22728352/8597/8995/5753/8915

Important Dates

  • Listing Date: January 8, 2026 (effective immediately)
  • Allotment Dates: January 7-8, 2026 (varies by issuer)
  • Redemption Dates:
    • Tata Steel (TSL-17-2-26-CP): February 17, 2026
    • Tata Housing (THDC-25-2-26-CP): February 25, 2026
    • ICICI Securities (ISPD-16-3-26-CP): March 16, 2026
    • Tata Steel (TSL-25-3-26-CP): March 25, 2026
    • Muthoottu Mini Financiers (MMFL-7-4-26-CP): April 7, 2026

Impact Assessment

Market Impact: Low - This is a routine debt market listing with limited impact on equity markets or broader trading operations.

Operational Impact: Affects only debt segment traders and the specific companies involved. The listing provides additional short-term debt instruments for institutional investors.

Issuer Details:

  • Tata Housing Development Company: 6,200 units, 6.20% p.a., CARE A1+/IND A1+ rated
  • ICICI Securities Primary Dealership: 7,000 units, 6.40% p.a., CRISIL A1+/ICRA A1+ rated
  • Tata Steel (Tranche 1): 12,000 units, 6.00% p.a., ICRA A1+/IND A1+ rated
  • Tata Steel (Tranche 2): 13,000 units, 6.05% p.a., ICRA A1+/IND A1+ rated
  • Muthoottu Mini Financiers: 200 units, 9.65% p.a., CARE A1+ rated

All securities carry high credit ratings (A1+) indicating strong creditworthiness and low default risk.

Impact Justification

Routine listing notification for privately placed debt securities with limited market-wide impact, primarily relevant to debt segment traders and issuing companies