Description
BSE lists new privately placed commercial papers from six companies including SBICAP Securities, Tata Steel, Julius Baer Capital, Fedbank Financial Services, and L&T Metro Rail on the debt market segment, effective March 9, 2026.
Summary
BSE has listed new privately placed commercial papers from multiple companies on its Debt Market Segment, effective March 9, 2026. The securities are available for trading in dematerialised form with a standard denomination of Rs. 5 Lakhs and multiples thereof, and a tick size of 1 paise.
Key Points
- Five companies have listed commercial papers under fresh listing on the BSE Debt Segment
- All securities traded in demat form only, in denominations of Rs. 5 Lakhs and multiples
- Tick size: 1 paise for all listed securities
- All allotments deemed on 06/03/2026
- Credit ratings across securities range from CRISIL A1+, ICRA A1+, IND A1+, and CARE A1+
- Contact: BSE Debt Department at 22728352/8597/8995/5753/8915
Regulatory Changes
No new regulatory changes. This is a routine listing notification under existing BSE debt market listing framework for privately placed securities.
Compliance Requirements
- Trading members must trade these securities only in dematerialised form
- Trades must be in standard denomination of Rs. 5 Lakhs and multiples thereof
- Members to use the respective ISIN numbers for each security
Important Dates
| Company | Allotment Date | Redemption Date | Issue Price (Rs.) |
|---|---|---|---|
| SBICAP Securities Ltd (SSL-5-6-26-CP, INE212K14DN2) | 06/03/2026 | 05/06/2026 | 4,90,750.00 |
| Tata Steel Ltd (TSL-5-5-26-CP, INE081A14GS4) | 06/03/2026 | 05/05/2026 | 4,94,087.00 |
| Julius Baer Capital (India) Pvt Ltd (JBCIPL-05-06-36-CP, INE824H14TV9) | 06/03/2026 | 05/06/2036 | 4,90,402.00 |
| Fedbank Financial Services Ltd (FFSL-05-03-27-CP, INE007N14EX7) | 06/03/2026 | 05/03/2027 | 4,63,828.00 |
| L&T Metro Rail (Hyderabad) Ltd (LTMRHL-01-06-26-CP, INE128M14BD1) | 06/03/2026 | 01/06/2026 | 4,91,356.50 |
Impact Assessment
- Tata Steel (15,000 units at Rs. 4,94,087 each; ~Rs. 741 crore) is the largest issuance, reflecting short-term funding needs maturing May 2026 at 7.28% p.a.
- L&T Metro Rail (Hyderabad) raised ~Rs. 786 crore (16,000 units), maturing June 2026 at 7.38% p.a.
- Julius Baer Capital (India) has an unusually long maturity for a commercial paper — redemption in 2036 — warranting attention from trading members.
- All issuers carry top-tier short-term credit ratings (A1+), indicating low credit risk.
- Impact is limited to BSE debt segment participants; no direct equity market implications.
Impact Justification
Routine listing of privately placed commercial papers on BSE debt segment; relevant to debt market participants and trading members dealing in these securities but does not affect equity markets broadly.