Description
BSE lists new privately placed commercial papers from 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 five new commercial papers issued on a private placement basis on its Debt Market Segment, effective March 9, 2026. The issuers are SBICAP Securities Limited, Tata Steel Limited, Julius Baer Capital (India) Private Limited, Fedbank Financial Services Limited, and L&T Metro Rail (Hyderabad) Limited. All securities are tradeable only in dematerialised form in standard denominations of Rs. 5 Lakhs and multiples thereof, with a tick size of 1 paise.
Key Points
- Five commercial papers freshly listed on BSE Debt Segment effective March 9, 2026
- All CPs issued on private placement basis at face value of Rs. 5,00,000 each
- Trading permitted only in demat form; standard denomination Rs. 5 Lakhs and multiples
- Tick size: 1 paise
- Credit ratings for all issuers are top-tier (A1+ by at least two agencies)
- For clarifications, trading members may contact BSE Debt Department: 22728352 / 8597 / 8995 / 5753 / 8915
Regulatory Changes
No regulatory changes. This is a routine administrative notice informing trading members of new securities admitted to trading.
Compliance Requirements
- Trading members must ensure all trades in these securities are executed only in dematerialised form
- Trades must be in standard denomination of Rs. 5 Lakhs and multiples thereof
- Members should use the correct ISIN, Scrip Code, and Scrip ID for each security
Important Dates
| Issuer | Allotment Date | Redemption Date |
|---|---|---|
| SBICAP Securities Limited | 06/03/2026 | 05/06/2026 |
| Tata Steel Limited | 06/03/2026 | 05/05/2026 |
| Julius Baer Capital (India) Pvt Ltd | 06/03/2026 | 05/06/2036 |
| Fedbank Financial Services Limited | 06/03/2026 | 05/03/2027 |
| L&T Metro Rail (Hyderabad) Limited | 06/03/2026 | 01/06/2026 |
Impact Assessment
This circular has low market impact as it covers routine listing of privately placed commercial papers. The securities are short-to-medium term instruments (except Julius Baer Capital’s CP which matures in 2036) issued by well-rated corporates. Yields range from 7.28% p.a. (Tata Steel) to 7.85% p.a. (Julius Baer Capital), reflecting prevailing short-term money market rates. Total issuance quantity across all five CPs is 38,500 units (face value ~Rs. 19,250 crore). No impact on equity markets; relevant only to debt market participants.
CP Details
| Issuer | Scrip Code | ISIN | Quantity | Issue Price (Rs.) | Rate | Redemption |
|---|---|---|---|---|---|---|
| SBICAP Securities Ltd | 731263 | INE212K14DN2 | 2,000 | 4,90,750 | 7.56% p.a. | 05/06/2026 |
| Tata Steel Limited | 731262 | INE081A14GS4 | 15,000 | 4,94,087 | 7.28% p.a. | 05/05/2026 |
| Julius Baer Capital (India) Pvt Ltd | 731264 | INE824H14TV9 | 3,500 | 4,90,402 | 7.85% p.a. | 05/06/2036 |
| Fedbank Financial Services Ltd | 731265 | INE007N14EX7 | 2,000 | 4,63,828 | 7.82% p.a. | 05/03/2027 |
| L&T Metro Rail (Hyderabad) Ltd | 731266 | INE128M14BD1 | 16,000 | 4,91,356.50 | 7.38% p.a. | 01/06/2026 |
Impact Justification
Routine listing of privately placed commercial papers on the BSE debt segment; no regulatory changes or broad market impact.