Description

BSE lists 8 tranches of 8.05% Secured Redeemable Non-Convertible Green Municipal Bonds (STRPP A-H) issued by Nashik Municipal Corporation, allotted on March 5, 2026, with maturities from 2029 to 2036.

Summary

BSE has listed 8 tranches (STRPP A through H) of 8.05% Rated, Listed, Taxable, Secured Redeemable Non-Convertible Green Municipal Bonds issued by Nashik Municipal Corporation. All tranches were allotted on March 5, 2026, with staggered maturities from 2029 to 2036. Each tranche comprises 20,00,000 bonds at a nominal/issue/paid-up value of Rs. 125 each, amounting to Rs. 25 crores per tranche and Rs. 200 crores in total.

Key Points

  • 8 STRPP tranches (A–H) listed on BSE Debt Market Segment
  • Coupon rate: 8.05% per annum, paid half-yearly on March 5 and September 5 each year
  • Each tranche: 20,00,000 bonds at Rs. 125 face value = Rs. 25 crores per tranche
  • Total issuance size: Rs. 200 crores across all 8 tranches
  • Date of allotment: March 5, 2026
  • Distinctive numbers: 1–20,00,000 for each tranche
  • Scrip codes range from 940917 to 940931 (odd numbers)
  • ISIN codes assigned individually per tranche

Regulatory Changes

No regulatory changes. This is a listing notice for newly allotted municipal debt securities on BSE’s Debt Market Segment.

Compliance Requirements

  • Nashik Municipal Corporation must comply with BSE’s ongoing listing obligations for debt securities
  • Half-yearly interest payments must be made on March 5 and September 5 each year
  • Redemption amounts of Rs. 25 crores per tranche must be paid on respective maturity dates

Important Dates

  • Date of Allotment: March 5, 2026
  • Interest Payment Dates: March 5 and September 5 every year
  • STRPP-A Redemption: March 5, 2029 (Scrip Code: 940917, ISIN: INE579F24099)
  • STRPP-B Redemption: March 5, 2030 (Scrip Code: 940919, ISIN: INE579F24065)
  • STRPP-C Redemption: March 5, 2031 (Scrip Code: 940921, ISIN: INE579F24032)
  • STRPP-D Redemption: March 5, 2032 (Scrip Code: 940923, ISIN: INE579F24057)
  • STRPP-E Redemption: March 5, 2033 (Scrip Code: 940925, ISIN: INE579F24040)
  • STRPP-F Redemption: March 5, 2034 (Scrip Code: 940927, ISIN: INE579F24081)
  • STRPP-G Redemption: March 5, 2035 (Scrip Code: 940929, ISIN: INE579F24073)
  • STRPP-H Redemption: March 5, 2036 (Scrip Code: 940931, ISIN: INE579F24107)

Impact Assessment

This listing represents a Rs. 200 crore green municipal bond issuance by Nashik Municipal Corporation, structured as Separately Tradeable Redeemable Principal Parts (STRPPs) with staggered maturities over 10 years (2029–2036). The green bond classification makes these attractive to ESG-conscious institutional investors. The 8.05% coupon with half-yearly payments offers predictable income. The structured STRPP format allows investors to trade individual maturity tranches independently, providing liquidity flexibility. Impact on broader equity markets is minimal; primary relevance is for debt market participants, mutual funds, and institutional investors seeking municipal/infrastructure debt exposure.

Impact Justification

Significant green municipal bond issuance totalling Rs. 200 crores across 8 tranches, relevant to debt market participants and ESG-focused investors, but limited equity market impact.