Description
BSE lists new commercial papers of Navi Finserv, Muthoot Fincorp, ICICI Home Finance, Vivriti Capital, and Axis Finance on the debt market segment effective February 26, 2026.
Summary
BSE Notice No. 20260226-25 informs trading members that five new commercial papers issued on a private placement basis have been listed and admitted to trading on the BSE Debt Segment effective February 26, 2026. All securities trade exclusively in dematerialised form in standard denominations of Rs. 5 Lakhs and multiples thereof, with a tick size of 1 paise.
Key Points
- Five commercial paper issuances from Navi Finserv Limited, Muthoot Fincorp Limited, ICICI Home Finance Company Limited, Vivriti Capital Limited, and Axis Finance Limited are now listed.
- All CPs are privately placed at face value of Rs. 5,00,000 each.
- Interest is cumulative and paid at redemption.
- Credit ratings range from CARE A1 to CRISIL A1+/IND A1+, indicating high short-term credit quality.
- Trading members requiring clarifications may contact BSE’s Debt Department at 22728352/8597/8995/5753/8915.
Regulatory Changes
No regulatory changes. This is a standard listing notification under existing BSE Debt Segment listing norms for privately placed securities.
Compliance Requirements
- Trading members must ensure all transactions in these securities are conducted in dematerialised form only.
- Trading must occur in standard denominations of Rs. 5 Lakhs and multiples thereof.
- Tick size of 1 paise must be observed for all trades.
Important Dates
| Company | Allotment Date | Redemption Date | Interest Rate |
|---|---|---|---|
| Navi Finserv Limited (INE342T14FS2) | 25/02/2026 | 22/05/2026 | 9.35% p.a. |
| Muthoot Fincorp Limited (INE549K14CM1) | 25/02/2026 | 24/02/2027 | 8.83% p.a. |
| ICICI Home Finance Company Limited (INE071G14HO9) | 26/02/2026 | 27/05/2026 | 7.14% p.a. |
| Vivriti Capital Limited (INE01HV14AV7) | 25/02/2026 | 24/08/2026 | 9.40% p.a. |
| Axis Finance Limited (INE891K14PX6) | 25/02/2026 | 21/09/2026 | 7.46% p.a. |
Impact Assessment
This is a routine operational notice with minimal broad market impact. The listings expand the BSE Debt Segment’s commercial paper universe with instruments from well-rated NBFCs and financial institutions. Interest rates range from 7.14% to 9.40% p.a., reflecting varying credit profiles and tenors. Muthoot Fincorp’s CP has the longest tenor (approximately 1 year), while Navi Finserv and ICICI Home Finance have short 3-month tenors. All issuers carry top-tier short-term credit ratings (A1/A1+), indicating very low default risk for these instruments.
Impact Justification
Routine administrative listing of privately placed commercial papers on the BSE Debt Segment; no regulatory changes or broad market impact.