Description
NSE notifies listing of privately placed debt securities from Indian Railway Finance Corporation Limited and Toyota Financial Services India Limited on capital market segment effective December 03, 2025.
Summary
NSE has notified the listing of privately placed debt securities from two companies on the capital market segment effective December 03, 2025. The securities include zero-coupon bonds from Indian Railway Finance Corporation Limited maturing in 2035 and 7.28% bonds from Toyota Financial Services India Limited maturing in 2028.
Key Points
- Two debt securities admitted to NSE capital market segment
- Effective date: December 03, 2025
- Market lot size: 1 unit for both securities
- Series designation: N0 for both issues
- Compliance with NSE Capital Market Trading Regulations Part A (Regulation 3.1.1 and 2.5.5)
Listed Securities Details
Indian Railway Finance Corporation Limited (IRFC)
- Symbol: 0IRFC35
- Issue: IRFC 0% 2035 Sr 192
- Coupon Rate: 0% (zero-coupon bond)
- Maturity Date: December 01, 2035
- ISIN: INE053F08536
- Market Lot: 1
Toyota Financial Services India Limited (TFSIL)
- Symbol: 728TFSIL28
- Issue: TFSIL 7.28% 2028 Sr S56
- Coupon Rate: 7.28%
- Maturity Date: December 28, 2028
- ISIN: INE692Q07605
- Market Lot: 1
Regulatory Changes
No regulatory changes. This is a standard listing notification pursuant to existing NSE Capital Market Trading Regulations.
Compliance Requirements
- Trading members must use designated security codes for identification on the trading system
- Trading must be conducted in specified lot sizes (1 unit for both securities)
- Securities to be traded in N0 series on capital market segment
Important Dates
- Circular Issue Date: December 02, 2025
- Effective Date: December 03, 2025
- IRFC Bond Maturity: December 01, 2035
- TFSIL Bond Maturity: December 28, 2028
Impact Assessment
Minimal market impact. This is a routine administrative notification for private placement debt securities. The listing provides additional fixed-income investment options for institutional investors but does not affect broad market operations or equity trading. The zero-coupon IRFC bond and fixed-coupon TFSIL bond add to the debt market depth but represent company-specific rather than market-wide developments.
Impact Justification
Routine administrative notification for private debt securities listing with limited market-wide impact