Description
NSE notifies the listing of privately placed commercial paper and debt securities from various companies including Godrej Properties, Tata Steel, Toyota Financial Services, and others on the debt market segment effective December 2, 2025.
Summary
NSE has notified the listing of privately placed securities on its debt market segment effective December 2, 2025. The circular lists 9 commercial paper issuances and 1 other debt security that have been admitted to trading. These include instruments from major companies such as Godrej Properties Limited, Tata Steel Limited, Muthoot Finance Limited, Kotak Securities Limited, ICICI Securities Limited, Nxtra Data Limited, Alembic Pharmaceuticals Limited, Aditya Birla Money Limited, and Toyota Financial Services India Limited.
Key Points
- Total of 10 debt instruments listed: 9 commercial papers and 1 bond
- Effective date: December 2, 2025
- Listed under NSE Debt Market (Trading) Regulations 3.1.1
- Instruments range from short-term commercial paper (60-365 days) to longer-term bonds
- Total value across all instruments exceeds Rs. 35,000 crores in face value
- Largest single issuance: Tata Steel Limited CP worth Rs. 20,000 crores (40,000 units × Rs. 5 lakh)
- Longest maturity: Muthoot Finance Limited CP maturing November 23, 2026
Regulatory Changes
No regulatory changes announced. This is a routine listing notification under existing NSE 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
- Listing Effective Date: December 2, 2025
- Allotment Dates: December 1-2, 2025 (for most instruments)
- Redemption Dates: Range from January 30, 2026 to November 23, 2026 for commercial papers
- Bond Maturity: 2028 for Toyota Financial Services debt security
Securities Details
Commercial Paper Listings:
- Godrej Properties Limited: GPL CP 02/03/26 Sr 95 - 3,000 units, Face Value Rs. 5 lakh, Redemption March 2, 2026
- Nxtra Data Limited: NDL CP 30/01/26 - 2,400 units, Face Value Rs. 5 lakh, Redemption January 30, 2026
- Alembic Pharmaceuticals Limited: APL CP 02/03/26 - 3,000 units, Face Value Rs. 5 lakh, Redemption March 2, 2026
- ICICI Securities Limited: ISEC CP 03/03/26 - 1,000 units, Face Value Rs. 5 lakh, Redemption March 3, 2026
- Aditya Birla Money Limited: ABML CP 02/03/26 - 3,000 units, Face Value Rs. 5 lakh, Redemption March 2, 2026
- Tata Steel Limited: TSL CP 28/02/26 - 40,000 units, Face Value Rs. 5 lakh, Redemption February 28, 2026
- Kotak Securities Limited: KSL CP 02/03/26 Sr 201 - 10,500 units, Face Value Rs. 5 lakh, Redemption March 2, 2026
- Muthoot Finance Limited: MFL CP 23/11/26 - 6,000 units, Face Value Rs. 5 lakh, Redemption November 23, 2026
- Kotak Securities Limited: KSL CP 03/03/26 Sr 202 - 2,000 units, Face Value Rs. 5 lakh, Redemption March 3, 2026
Other Debt Securities:
- Toyota Financial Services India Limited: TFSIL 7.28% 2028 Sr S56 - 30,000 units, Face Value Rs. 1 lakh, coupon rate 7.28%, Allotment November 28, 2025
Impact Assessment
Market Impact: Low - This is a routine listing notification for debt market segment. These privately placed securities are primarily traded by institutional investors and do not affect retail equity markets.
Operational Impact: Minimal - Members and debt market participants can now trade these securities using the designated security codes provided in the circular.
Investor Impact: Relevant only for institutional investors and participants in the debt market segment who may be interested in trading these commercial papers and bonds. The securities provide short to medium-term investment opportunities with varying maturity profiles.
Impact Justification
Routine listing notification for privately placed debt securities. Affects debt market participants and institutional investors but does not impact equity trading or broader market operations.