Description
NSE announces listing of multiple privately placed commercial papers from Blue Star, ICICI Securities, Godrej Agrovet, Kotak Securities and bonds from State Bank of India and NABARD effective October 23, 2025.
Summary
NSE notifies the listing of privately placed debt securities on its Debt Market Segment effective October 23, 2025. The circular covers fresh issues and re-issues of commercial papers from Blue Star Limited, ICICI Securities Limited, Godrej Agrovet Limited, and Kotak Securities Limited, along with bonds from State Bank of India and National Bank for Agriculture and Rural Development (NABARD). All securities have been assigned designated security codes and ISINs for trading.
Key Points
- Fresh issue of commercial papers by Blue Star Limited (1,000 units, face value ₹5 lakh, maturing January 16, 2026)
- Fresh issue by ICICI Securities Limited (11,000 units, face value ₹5 lakh, maturing January 16, 2026)
- Fresh issue by Godrej Agrovet Limited (2,000 units, face value ₹5 lakh, maturing January 21, 2026)
- State Bank of India bonds worth ₹750 crore (7,500 units of ₹1 crore each, 6.93% coupon, 10-year maturity with call option after 5 years)
- NABARD bonds re-issue of 6,82,550 units (6.85% coupon, maturing January 2029)
- Re-issues of commercial papers by Kotak Securities and ICICI Securities
- All securities admitted to dealings effective October 23, 2025
Regulatory Changes
No regulatory changes announced. This is a routine listing notification under Regulation 3.1.1 of the NSE Debt Market (Trading) Regulations.
Compliance Requirements
No specific compliance actions required. Trading members should note the newly listed securities and their designated codes for trading on the Debt Market Segment.
Important Dates
- Effective Date of Listing: October 23, 2025
- Blue Star CP Redemption: January 16, 2026
- ICICI Securities CP Redemption: January 16, 2026
- Godrej Agrovet CP Redemption: January 21, 2026
- Kotak Securities CP Redemption: October 30, 2025
- SBI Bond Redemption: October 20, 2035 (Call option: October 20, 2030)
- NABARD Bond Redemption: January 19, 2029
Impact Assessment
Market Impact: Low - Routine debt market listing activity that expands available debt instruments for institutional investors. The securities are privately placed and primarily affect debt market participants.
Operational Impact: Minimal - No changes to trading systems or procedures. Members can commence trading these securities using the designated codes and ISINs provided in the annexure.
Investor Impact: These debt instruments provide additional investment options in the debt market segment, particularly for institutional investors seeking commercial paper and bond exposures to blue-chip issuers like SBI, NABARD, Blue Star, and Godrej Agrovet.
Impact Justification
Routine listing circular for debt securities with no market-wide policy changes or compliance obligations for trading members beyond awareness of newly listed instruments