Description

BSE lists new commercial paper and debt securities on private placement basis, including Julius Baer Capital CP, Purple Finance, Kosamattam Finance, Keertana Finserv, and Bajaj Housing Finance debt instruments effective January 13, 2026.

Summary

BSE has listed new privately placed debt securities and commercial paper on its Debt Segment effective January 13, 2026. The listing includes one commercial paper issuance by Julius Baer Capital (India) Private Limited and debt securities by four companies: Purple Finance Limited (fresh listing), Kosamattam Finance Limited (fresh listing), Keertana Finserv Limited (further listing), and Bajaj Housing Finance Limited (further listing). All securities will trade in dematerialized form only.

Key Points

  • Julius Baer Capital CP: Rs. 500 crore commercial paper (1000 units of Rs. 5 lakhs each), 7.05% p.a., maturing April 16, 2026, rated CRISIL A1+/ICRA A1+
  • Purple Finance: Rs. 25 crore debt securities, 12.25% p.a., maturing January 12, 2028, monthly interest payments, rated IND BBB-
  • Kosamattam Finance: Rs. 100 crore debt securities, 11% p.a., maturing July 13, 2031, monthly interest payments, rated IND A/Stable
  • Keertana Finserv: Rs. 20 crore additional debt securities, 11.40% p.a., maturing October 24, 2027, monthly interest payments, rated IND BBB+/Stable
  • Bajaj Housing Finance: Rs. 500 crore additional debt securities, 7.10% p.a., maturing October 16, 2028, annual interest payments, rated CRISIL AAA
  • Commercial paper trades in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size for all securities is 1 paise
  • HDFC Bank Limited acts as issuing and paying agent for Julius Baer CP

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Commercial paper must be traded in standard lots of Rs. 5 lakhs and multiples
  • Debt securities trade with market lot of 1 unit
  • Trading members requiring clarification may contact BSE debt department on 22728352/8597/8995/5753/8915
  • Placement memorandums available at https://www.bseindia.com/markets/debt/memorandum_data.aspx

Important Dates

  • Effective Date: January 13, 2026 (trading admission date)
  • Julius Baer CP Allotment: January 13, 2026
  • Julius Baer CP Redemption: April 16, 2026
  • Purple Finance Allotment: January 12, 2026
  • Purple Finance Redemption: January 12, 2028
  • Kosamattam Finance Allotment: January 13, 2026
  • Kosamattam Finance Redemption: July 13, 2031
  • Keertana Finserv Allotment: January 9, 2026
  • Keertana Finserv Redemption: October 24, 2027
  • Bajaj Housing Finance Allotment: January 12, 2026
  • Bajaj Housing Finance Redemption: October 16, 2028

Impact Assessment

Market Impact: Minimal. This is a routine administrative listing of privately placed debt securities on the debt market segment. These securities are institutional instruments and do not affect equity markets or retail investor portfolios.

Operational Impact: Trading members can now trade these newly listed debt instruments through the BSE Debt Segment using the assigned scrip codes and ISIN numbers. The securities provide institutional investors with additional fixed-income investment options across varying credit profiles (from AAA-rated Bajaj Housing Finance to BBB-rated Purple Finance) and tenures (3 months to 5+ years).

Impact Justification

Routine administrative listing notice for debt securities on private placement basis with no impact on equity markets or retail investors