BSE Debt Segment: Listing of Privately Placed Commercial Papers - JK Cement, BHEL, Tata Housing, Julius Baer, Navi Finserv

Description

BSE lists five new Commercial Papers on the debt market segment effective April 24, 2026, issued by JK Cement, Tata Housing Development, Bharat Heavy Electricals, Julius Baer Capital (India), and Navi Finserv on private placement basis.

Summary

BSE has listed five new Commercial Papers (CPs) on the Debt Market Segment effective April 24, 2026, all issued on a private placement basis. The securities are admitted to 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 Commercial Papers freshly listed on BSE Debt Segment effective April 24, 2026
• All CPs trade exclusively in dematerialised form
• Standard denomination: Rs. 5 Lakhs and multiples thereof; tick size: 1 paise
• Issuers carry top-tier short-term credit ratings (A1+ from CARE, IND, CRISIL, and/or ICRA)
• Redemption periods range from May to June 2026 (short-duration instruments)
• Trading members may contact BSE Debt Department at 22728352/8597/8995/5753/8915 for clarifications

Regulatory Changes

No regulatory changes. This is a routine listing notification under existing BSE debt segment 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 should note respective ISIN numbers for each instrument when executing trades

Important Dates

Impact Assessment

Market Impact: Minimal. These are routine short-term debt instruments (CPs) with tenures under 3 months, relevant primarily to institutional and debt market participants.

Instrument Details:

• J.K. Cement Ltd — Scrip: 731533 (JKCL23426), ISIN: INE823G14BG2, Qty: 2,000, Issue Price: Rs. 494,934, Rate: 5.93% p.a., Rating: CARE A1+, IPA: IDBI Bank Ltd
• Tata Housing Development Co. Ltd — Scrip: 731535 (THDC23426), ISIN: INE582L14JM5, Qty: 2,100, Issue Price: Rs. 496,778, Rate: 6.07% p.a., Rating: CARE A1+/IND A1+, IPA: HDFC Bank Ltd
• Bharat Heavy Electricals Ltd — Scrip: 731536 (BHEL240426), ISIN: INE257A14AG8, Qty: 13,000, Issue Price: Rs. 497,652, Rate: 6.15% p.a., Rating: CARE A1+/IND A1+, IPA: ICICI Bank Ltd
• Julius Baer Capital (India) Pvt Ltd — Scrip: 731537 (JBCPL24426), ISIN: INE824H14UA1, Qty: 5,500, Issue Price: Rs. 494,015, Rate: 6.70% p.a., Rating: CRISIL A1+/ICRA A1+, IPA: HDFC Bank Ltd
• Navi Finserv Limited — Details partially truncated in source notice

All instruments carry the highest short-term credit rating (A1+), indicating very low credit risk. BHEL’s CP is the largest by quantity (13,000 units), representing Rs. 650 crore face value.

Impact Justification

Routine administrative listing of short-term commercial papers on BSE debt segment; no regulatory changes or broad market impact. Relevant only to debt market participants trading these specific instruments.