Description

NSE announces listing of privately placed commercial papers and debt securities from multiple issuers including Godrej Industries, HDFC Securities, Barclays, and others on the debt market segment.

Summary

NSE has admitted various privately placed debt securities to dealings on its Debt Market Segment effective October 10, 2025. The circular lists fresh issues and re-issues of commercial papers from Godrej Industries Limited, HDFC Securities Limited, Barclays Investments & Loans, ICICI Securities Limited, L&T Finance Limited, and Welspun Corp Limited. Also includes one debt security from Rare Asset Reconstruction Limited.

Key Points

  • Fresh issue of 1,500 commercial papers by Godrej Industries Limited (GIL CP 08/01/26 Sr 97) with face value ₹5,00,000 at issue price ₹4,92,449.5, maturing January 8, 2026
  • Fresh issue of 3,000 commercial papers by HDFC Securities Limited (HSL CP 27/10/2025) with face value ₹5,00,000 at issue price ₹4,92,280, maturing October 27, 2025
  • Fresh issue of 2,000 commercial papers by Barclays Investments & Loans (BILIPL CP 12/06/26 Sr 549) with face value ₹5,00,000 at issue price ₹4,77,473.5, maturing June 12, 2026
  • Fresh issue of 2,250 debt securities by Rare Asset Reconstruction Limited (RARL 16.50% 2028 Sr V) with face value ₹1,00,000 at par, maturing June 30, 2028 with call/put options on October 8, 2026
  • Re-issues of commercial papers by ICICI Securities (5,000 units), L&T Finance (multiple tranches totaling 11,000 units), and Welspun Corp (1,000 units)

Regulatory Changes

No regulatory changes announced. This is a routine listing notification under Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.

Compliance Requirements

No new compliance requirements. The securities have been admitted to dealings on the Debt Market Segment with designated security codes as specified in the circular.

Important Dates

  • Effective Date of Listing: October 10, 2025
  • Allotment Dates: July 28, 2025 to October 10, 2025 (various securities)
  • Redemption Dates: Range from October 27, 2025 to June 30, 2028 depending on security
  • Call/Put Option Date (RARL debt security): October 8, 2026

Impact Assessment

Minimal market impact. This is a standard operational circular notifying members of new debt securities available for trading. The listing provides additional investment options in the debt market segment but does not affect equity markets or impose new obligations on market participants. The securities are privately placed instruments with institutional investor base.

Impact Justification

Routine listing notification for privately placed debt securities with no broader market implications or regulatory changes