Description

NSE notifies listing of four privately placed debt securities from National Bank for Financing Infrastructure and Development and Tata Capital Limited, effective November 18, 2025.

Summary

National Stock Exchange notifies the listing of four privately placed debt securities on the capital market segment effective November 18, 2025. The securities include two bonds from National Bank for Financing Infrastructure and Development (NABF) with maturities in 2030 and 2040, and two debentures from Tata Capital Limited with maturities in 2028 and 2030. All securities will trade with a market lot size of 1.

Key Points

  • Four debt securities admitted to dealings on NSE Capital Market segment
  • Effective date: November 18, 2025
  • Securities from two issuers: National Bank for Financing Infrastructure and Development, and Tata Capital Limited
  • All securities designated with Series N0 and market lot size of 1
  • Trading will be identified by designated security codes only

Securities Details

National Bank for Financing Infrastructure and Development

  1. 715NBFID40 - NABF 7.15% 2040 Tr 2

    • Coupon Rate: 7.15%
    • Maturity Date: November 13, 2040
    • ISIN: INE0KUG08118

  2. 686NBFID30 - NABF 6.86% 2030 Tr 1

    • Coupon Rate: 6.86%
    • Maturity Date: November 13, 2030
    • ISIN: INE0KUG08100

Tata Capital Limited

  1. 712TACA28 - TACA 7.12% 2028 Sr C

    • Coupon Rate: 7.12%
    • Maturity Date: November 14, 2028
    • ISIN: INE976I07DB5

  2. 73TACA30 - TACA 7.3% 2030 Sr B

    • Coupon Rate: 7.3%
    • Maturity Date: November 14, 2030
    • ISIN: INE976I07DA7

Regulatory Framework

  • Issued pursuant to Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A
  • Lot sizes specified in accordance with Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A
  • Securities to be identified only by designated codes for trading purposes

Compliance Requirements

  • Members must use designated security codes for trading these securities
  • Trading must be conducted in specified lot sizes (market lot of 1 for all listed securities)
  • Circular effective from November 18, 2025

Important Dates

  • Circular Date: November 17, 2025
  • Effective Date: November 18, 2025
  • Maturity Dates:
    • November 14, 2028 (TACA 7.12% Sr C)
    • November 13, 2030 (NABF 6.86% Tr 1)
    • November 14, 2030 (TACA 7.3% Sr B)
    • November 13, 2040 (NABF 7.15% Tr 2)

Impact Assessment

Market Impact: Minimal. This is a routine listing notification for privately placed debt securities that provides additional fixed-income investment options for institutional investors.

Operational Impact: Low. Standard operational procedures apply for trading these securities with designated codes and lot sizes.

Investor Impact: Provides investors access to debt instruments from National Bank for Financing Infrastructure and Development and Tata Capital Limited with coupon rates ranging from 6.86% to 7.3% and maturities spanning from 2028 to 2040.

Impact Justification

Routine listing notification for privately placed debt securities with no impact on equity markets or broader regulatory changes