Description
NSE announces the listing of privately placed debt securities from Axis Bank Limited, Cholamandalam Investment and Finance Company Limited, and Sundaram Finance Limited on the capital market segment, effective November 28, 2025.
Summary
The National Stock Exchange has notified the admission of three privately placed debt securities to dealings on the capital market segment, effective November 28, 2025. The securities include bonds from Axis Bank Limited (7.27% 2035), Cholamandalam Investment and Finance Company Limited (8.40% 2032), and Sundaram Finance Limited (7.05% 2028). All securities will have a market lot size of 1 and will be identified by their designated security codes for trading purposes.
Key Points
- Three debt securities admitted to trading on NSE capital market segment
- All securities are privately placed bonds with specified coupon rates and maturity dates
- Market lot size set at 1 for all three securities
- Trading to commence from November 28, 2025
- Securities will be identified by designated codes: 727ABL35, 840CIFL32, and 705SFL28A
Securities Details
Axis Bank Limited
- Symbol: 727ABL35
- Issue Description: AXBK 7.27% 2035 Sr 9
- Coupon Rate: 7.27%
- Maturity Date: November 26, 2035
- ISIN: INE238A08518
- Market Lot: 1
Cholamandalam Investment and Finance Company Limited
- Symbol: 840CIFL32
- Issue Description: CIFL 8.40% 2032 Sr SD78
- Coupon Rate: 8.40%
- Maturity Date: November 25, 2032
- ISIN: INE121A08PX1
- Market Lot: 1
Sundaram Finance Limited
- Symbol: 705SFL28A
- Issue Description: SFL 7.05% 2028 Sr Z6
- Coupon Rate: 7.05%
- Maturity Date: November 24, 2028
- ISIN: INE660A07SB0
- Market Lot: 1
Regulatory Changes
No regulatory changes. This circular is issued pursuant to existing Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A.
Compliance Requirements
- Trading members must use the designated security codes (727ABL35, 840CIFL32, 705SFL28A) for identification purposes
- Trading must be conducted in the specified lot sizes (market lot of 1 for all securities)
- All trading participants must comply with the applicable capital market trading regulations
Important Dates
- Circular Date: November 27, 2025
- Effective Date: November 28, 2025 (listing and trading commencement)
- Maturity Dates:
- Axis Bank: November 26, 2035
- Cholamandalam: November 25, 2032
- Sundaram Finance: November 24, 2028
Impact Assessment
This is a routine administrative circular with minimal market impact. The listing of these privately placed debt securities provides additional trading instruments in the debt market segment. The impact is limited to:
- Market Participants: Institutional investors and debt market participants gain access to trade these specific bond instruments
- Liquidity: Provides secondary market liquidity for existing bondholders
- Issuers: Enhances the tradability of debt securities for Axis Bank, Cholamandalam Investment and Finance, and Sundaram Finance
- Overall Market: No significant impact on broader market operations or equity trading
The securities offer varying coupon rates (7.05% to 8.40%) and maturities (2028 to 2035), providing options for different investment horizons and yield preferences in the debt market.
Impact Justification
Routine listing of privately placed debt securities with no material market impact; affects only debt market participants and bondholders of these specific instruments