Description

BSE announces listing of new commercial paper and debt securities issued on private placement basis by multiple companies including Bajaj Finance, Network 18, Poonawalla Fincorp, and Nuvama Wealth.

Summary

BSE has listed new privately placed debt securities effective February 3, 2026. The circular details fresh listings of commercial paper from Bajaj Finance Limited, Network 18 Media & Investments Limited, Poonawalla Fincorp Limited, and Nuvama Wealth and Investment Limited, along with a further listing from 360 ONE Alternates Asset Management Limited. All securities are rated A1+ by various credit rating agencies and will trade in dematerialized form with a standard denomination of Rs. 5 lakhs.

Key Points

  • Fresh commercial paper listings from 4 companies totaling 22,500 units (Rs. 1,125 crores face value)
  • Further listing from 360 ONE Alternates for 100 units (Rs. 5 crores face value)
  • All securities trade in demat form only under designated ISIN numbers
  • Standard trading denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Interest rates range from 7.47% to 8.45% p.a. on cumulative basis
  • Tenures range from 91 days to 365 days
  • All issuers carry A1+ credit rating from CRISIL, CARE, ICRA or IND rating agencies

Regulatory Changes

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

Compliance Requirements

  • Trading members can contact BSE debt department (22728352/8597/8995/5753/8915) for clarifications
  • Securities must be traded only in dematerialized form
  • Trading must adhere to standard denomination of Rs. 5 lakhs and multiples

Important Dates

  • Effective Date: February 3, 2026 (trading commences)
  • Allotment Dates: February 2-3, 2026
  • Redemption Dates:
    • Bajaj Finance: May 4, 2026 (91 days)
    • Network 18: May 5, 2026 (91 days)
    • Poonawalla Fincorp: February 2, 2027 (365 days)
    • Nuvama Wealth: March 10, 2026 (36 days)
    • 360 ONE Alternates: January 19, 2027 (351 days)

Impact Assessment

Market Impact: Minimal. This is a routine administrative notification for debt market participants. The listings provide additional short-term debt instruments for institutional investors and debt traders.

Investor Impact: Relevant only to debt market investors and trading members dealing in commercial paper. The A1+ ratings indicate high credit quality and low default risk. Interest rates (7.47%-8.45%) reflect current money market conditions.

Operational Impact: None for equity market participants. Debt segment traders gain access to new liquid instruments from established financial and media companies.

Impact Justification

Routine listing notification for debt securities. Relevant only to debt market participants and specific investors in these commercial papers.