Description

BSE lists new commercial papers from Julius Baer Capital, Nuvama Wealth, Bajaj Finance, Poonawalla Fincorp, and Birla Group Holdings on private placement basis with details of denomination, interest rates, and redemption dates.

Summary

BSE has listed new commercial papers issued on private placement basis by five companies on its Debt Segment effective January 29, 2026. The securities are available for trading in dematerialized form only, with standard denomination of Rs.5 lakhs and multiples thereof, and a tick size of 1 paise.

Key Points

  • Five companies have issued commercial papers on private placement basis
  • Julius Baer Capital: 2000 units at 7.99% p.a., maturing April 30, 2026 (ISIN: INE824H14TM8)
  • Nuvama Wealth: 200 units at 7.55% p.a., maturing July 27, 2026 (ISIN: INE523L14AX5)
  • Bajaj Finance: 23,500 units at 7.65% p.a., maturing April 29, 2026 (ISIN: INE296A14E79)
  • Poonawalla Fincorp: 5,000 units at 7.67% p.a., maturing January 28, 2027 (ISIN: INE511C14ZH9)
  • Birla Group Holdings: 4,000 units at 7.60% p.a., maturing April 30, 2026 (ISIN: INE09OL14IM9)
  • All securities carry CRISIL A1+ and ICRA A1+ ratings (with CARE A1+ for Poonawalla Fincorp)
  • Trading in dematerialized form only with market lot size of 1
  • Face value and paid-up value: Rs.500,000 per unit for all issuances

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
  • Securities must be traded in standard denomination of Rs.5 lakhs and multiples thereof
  • Tick size of 1 paise applies to all listed commercial papers
  • Trading members requiring clarification should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Effective Date: January 29, 2026 (trading admission)
  • Allotment Dates: January 28-29, 2026
  • Redemption Dates:
    • Julius Baer Capital: April 30, 2026
    • Nuvama Wealth: July 27, 2026
    • Bajaj Finance: April 29, 2026
    • Poonawalla Fincorp: January 28, 2027
    • Birla Group Holdings: April 30, 2026

Impact Assessment

Market Impact: Minimal. This is a routine administrative circular informing trading members about new debt instrument listings. The commercial papers provide short-term debt investment options for institutional investors.

Liquidity Impact: Limited impact on overall market liquidity. Commercial papers are typically held till maturity and have lower trading volumes compared to equity securities.

Issuer Profile: The issuers represent diverse financial sectors including wealth management (Julius Baer, Nuvama), non-banking finance (Bajaj Finance, Poonawalla Fincorp), and conglomerate holdings (Birla Group), all with high credit ratings indicating low default risk.

Impact Justification

Routine listing of debt securities on private placement basis with standard trading requirements; primarily informational for trading members dealing in debt instruments