Description
NSE notifies listing of commercial papers and debt securities from various companies including Bajaj Auto Credit, EXIM Bank, ICICI Securities, and others on the debt market segment effective November 17, 2025.
Summary
NSE has admitted privately placed debt securities to the Debt Market Segment with effect from November 17, 2025. The circular lists 9 commercial papers and 1 debt security from various issuers including financial institutions and corporates, with redemption dates ranging from November 2025 to June 2026.
Key Points
- 9 commercial papers listed from companies including Bajaj Auto Credit Limited, Export Import Bank of India, Afcons Infrastructure Limited, ICICI Securities Limited, Mahindra & Mahindra Financial Services Limited, L&T Finance Limited, Nuvoco Vistas Corporation Limited, and Kotak Securities Limited
- 1 debt security listed from National Bank For Financing Infrastructure And Development (6.86% 2030 Tr 1)
- All securities allotted on November 14-17, 2025
- Face value for commercial papers is Rs 5,00,000 per unit
- Issue prices range from Rs 4,80,754.5 to Rs 4,98,756.5 for commercial papers
- Shortest maturity: Nuvoco Vistas CP maturing November 28, 2025 (14 days)
- Longest maturity: ICICI Securities CP maturing June 15, 2026 (7 months)
Regulatory Changes
No regulatory changes. This is a routine notification under Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.
Compliance Requirements
No new compliance requirements. Members are notified of the newly listed securities and their designated security codes for trading purposes.
Important Dates
- Effective Date of Listing: November 17, 2025
- Allotment Dates: November 14-17, 2025
- Redemption Dates:
- November 28, 2025: Nuvoco Vistas Corporation Limited CP
- February 13, 2026: Bajaj Auto Credit, EXIM Bank, Mahindra & Mahindra Financial Services, L&T Finance CPs
- February 16, 2026: Kotak Securities Limited CP
- March 2, 2026: ICICI Securities Limited CP
- March 25, 2026: Afcons Infrastructure Limited CP
- June 15, 2026: ICICI Securities Limited CP
Impact Assessment
Market Impact: Minimal. This is a routine listing notification that provides additional debt instruments for institutional investors in the debt market segment.
Operational Impact: Exchange members can now trade these securities using the designated security codes and ISINs provided in the annexure.
Investor Impact: Adds liquidity options for institutional investors seeking short-term debt instruments with varying maturities from 14 days to 7 months.
Impact Justification
Routine administrative notification of debt securities listing without market-wide implications or regulatory changes