Description

NSE notifies the listing of privately placed commercial papers and other debt securities including issues from ICICI Securities, Axis Securities, Welspun Corp, Godrej Industries, CEAT, Piramal Finance, Clix Capital, and Jio Credit.

Summary

NSE circular 2016/2025 notifies the admission of privately placed securities to dealings on the Debt Market Segment effective October 14, 2025. The circular covers 6 commercial paper issuances and 3 other debt security listings with designated security codes and ISINs as specified in the annexure.

Key Points

  • 6 commercial paper (CP) issues listed from ICICI Securities (2 issues), Axis Securities, Welspun Corp, Godrej Industries, and CEAT
  • 3 debt security issues listed from Piramal Finance, Clix Capital Services, and Jio Credit
  • All securities effective for trading from October 14, 2025
  • Total CP value approximately Rs 520 crore (10,400 securities x Rs 5 lakh face value)
  • Debt securities include Rs 307.5 crore from Piramal Finance, Rs 75 crore from Clix Capital, and Rs 500 crore from Jio Credit

Commercial Paper Details

ICICI Securities Limited

  • Issue 1: ISEC CP 12/01/26 (ISIN: INE763G14B62) - 2,000 securities at Rs 4,91,906 issue price, maturing Jan 12, 2026
  • Issue 2: ISEC CP 10/04/26 (ISIN: INE763G14B70) - 1,400 securities at Rs 4,83,837 issue price, maturing Apr 10, 2026

Axis Securities Limited

  • ASL CP 28/11/25 Sr 40 (ISIN: INE110O14GR4) - 1,500 securities at Rs 4,95,968.5 issue price, maturing Nov 28, 2025

Welspun Corp Limited

  • WCL CP 12/01/26 (ISIN: INE191B14754) - 2,000 securities at Rs 4,92,232 issue price, maturing Jan 12, 2026

Godrej Industries Limited

  • GIL CP 12/01/26 Sr 98 (ISIN: INE233A144P5) - 1,500 securities at Rs 4,92,473.5 issue price, maturing Jan 12, 2026

CEAT Limited

  • CL CP 18/12/25 (ISIN: INE482A14EQ3) - 2,000 securities at Rs 4,94,651.5 issue price, maturing Dec 18, 2025

Other Debt Securities Details

Piramal Finance Limited

  • PFL 8.75% 2027 (ISIN: INE202B07JW4) - 2,50,000 bonds at face value Rs 1,00,000
  • Coupon rate: 8.75%, maturing Oct 29, 2027
  • Multiple issue prices ranging from Rs 1,00,000 to Rs 1,00,090
  • Allotted Oct 13, 2025

Clix Capital Services Private Limited

  • CCSP 9.75% 2028 (ISIN: INE157D07EO4) - 7,500 bonds at Rs 1,00,000
  • Coupon rate: 9.75%, maturing Apr 13, 2028
  • Allotted Oct 13, 2025

Jio Credit Limited

  • JCL 7.05% 2027 Sr III (ISIN: INE282H07034) - 50,000 bonds at Rs 1,00,000
  • Coupon rate: 7.05%, maturing 2027
  • Allotted Oct 13, 2025

Regulatory Framework

Listing approved under Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.

Important Dates

  • Effective Date: October 14, 2025
  • Allotment Dates: October 13-14, 2025
  • CP Maturity Dates: Range from Nov 28, 2025 to Apr 10, 2026
  • Debt Security Maturity Dates: Range from 2027 to Apr 2028

Impact Assessment

Routine administrative notification for debt market participants. The listing enables secondary market trading for these privately placed securities. No immediate impact on equity markets or broad market operations. Provides additional investment options for debt market investors across short-term (CP) and medium-term (bonds) instruments.

Impact Justification

Routine listing notification for privately placed debt securities with no material market-wide impact