BSE Debt Segment: Fresh Listing of Commercial Papers - Muthoot MCred, KEC International, JK Cement, Credila, Bajaj Financial Securities

Description

BSE lists five new commercial papers on its debt market segment issued on private placement basis by Muthoot MCred, KEC International, JK Cement, Credila Financial Services, and Bajaj Financial Securities, effective April 21, 2026.

Summary

BSE has notified trading members that five new commercial papers (CPs), issued on a private placement basis, have been listed and admitted to trading on the BSE Debt Segment effective April 21, 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 papers freshly listed on BSE Debt Segment under Notice No. 20260421-25
• All CPs trade in demat form only; standard lot size Rs. 5 lakhs; tick size 1 paise
• Issuers span NBFC, infrastructure, cement, financial services, and securities sectors
• Rates range from 6.05% p.a. (JK Cement) to 9.70% p.a. (Muthoot MCred)
• Maturities range from approximately 2 months (KEC International, Jun 2026) to ~11 months (Credila Financial Services, Mar 2027)
• All interest payments are cumulative, paid at redemption

Regulatory Changes

No regulatory changes. This is a routine operational listing notice under existing BSE Debt Segment framework.

Compliance Requirements

• Trading members must note that all listed CPs are tradeable only in dematerialised form
• Trades must conform to the standard denomination of Rs. 5 lakhs and multiples thereof
• For clarifications, members may contact BSE Debt Department at 22728352 / 8597 / 8995 / 5753 / 8915

Important Dates

Impact Assessment

Listed Securities Detail

1. Muthoot MCred Limited

• Scrip Code: 731509 | Scrip ID: MML20426 | ISIN: INE101Q14348
• Quantity: 1,480 | Face Value: Rs. 5,00,000 | Issue Price: Rs. 4,77,295
• Rate: 9.70% p.a. (cumulative) | Rating: CARE A1
• IPA: HDFC Bank Limited

2. KEC International Ltd.

• Scrip Code: 731510 | Scrip ID: KIL210426 | ISIN: INE389H14MH7
• Quantity: 2,000 | Face Value: Rs. 5,00,000 | Issue Price: Rs. 4,93,283
• Rate: 7.10% p.a. (cumulative) | Rating: CRISIL A1+, IND A1+
• IPA: Axis Bank Limited

3. J.K. Cement Ltd

• Scrip Code: 731511 | Scrip ID: JKCL20426 | ISIN: INE823G14BF4
• Quantity: 2,000 | Face Value: Rs. 5,00,000 | Issue Price: Rs. 4,95,239
• Rate: 6.05% p.a. (cumulative) | Rating: CARE A1+
• IPA: IDBI Bank Limited

4. Credila Financial Services Limited

• Scrip Code: 731512 | Scrip ID: CFSL200426 | ISIN: INE539K14CB5
• Quantity: 7,000 | Face Value: Rs. 5,00,000 | Issue Price: Rs. 4,67,240.50
• Rate: 7.85% p.a. (cumulative) | Rating: CRISIL A1+, ICRA A1+
• IPA: Axis Bank Ltd

5. Bajaj Financial Securities Limited

• Scrip Code: 731513 | Scrip ID: BFSL200426 | ISIN: INE0… (data truncated in source)
• Quantity: 10,000 | Face Value: Rs. 5,00,000
• Allotment: 20/04/2026

This is a standard operational listing notice with no material impact on equity markets. Debt segment participants trading CPs should update their systems with the new scrip codes and ISINs. All ratings are investment grade (A1 or A1+), indicating high short-term creditworthiness.

Impact Justification

Routine administrative notice informing trading members of fresh commercial paper listings on the BSE Debt Segment; no regulatory change or broad market impact, affects only debt segment participants trading these specific CPs.