Description
NSE notifies the listing of various privately placed debt securities including commercial papers from Clix Capital, Nirma, Aditya Birla Money, Kotak Securities, ICICI Securities, and debt securities from Loanx Nemesia, Canara Bank, and Bharti Telecom.
Summary
NSE has admitted various privately placed securities to trading on its Debt Market Segment effective December 03, 2025. The circular notifies both fresh issues and re-issues of commercial papers and other debt securities from multiple issuers including Clix Capital Services, Nirma Limited, Aditya Birla Money, Kotak Securities, ICICI Securities, Loanx Nemesia, Canara Bank, and Bharti Telecom.
Key Points
- Multiple commercial papers (CPs) listed with maturity periods ranging from February to March 2026
- Fresh issue of Clix Capital CP worth ₹250 crore (500 securities at ₹5 lakh face value)
- Fresh issue of Nirma Limited CP worth ₹650 crore (1,300 securities)
- Fresh issue of Aditya Birla Money CP worth ₹1,500 crore (3,000 securities)
- Re-issue of Kotak Securities CP worth ₹7,000 crore (14,000 securities)
- Re-issue of ICICI Securities CP worth ₹7,000 crore (14,000 securities)
- Loanx Nemesia issued secured debentures at 11.40% coupon maturing March 2028
- Canara Bank issued perpetual Additional Tier 1 bonds at 7.55% with call option in 2030
- Bharti Telecom issued two series of debentures: 7.30% 2027 and 7.40% 2029
Regulatory Changes
No regulatory changes. This is a routine listing notification under Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.
Compliance Requirements
No new compliance requirements. Market participants can trade these securities on the Debt Market Segment using the specified ISIN codes and security identifiers.
Important Dates
- Effective Listing Date: December 03, 2025
- CP Redemption Dates: February 27 - March 30, 2026
- Loanx Nemesia Debenture Redemption: March 29, 2028
- Canara Bank AT1 Call Option: December 02, 2030 (perpetual bond)
- Bharti Telecom Series XXVII Redemption: December 01, 2027
- Bharti Telecom Series XXVIII Redemption: February 01, 2029
Impact Assessment
This is a routine administrative circular with minimal market impact. The listing provides additional debt instruments for institutional investors and adds liquidity to the debt market segment. The commercial papers are short-term instruments (90-120 days) while the debentures provide longer-term investment options. No changes to trading rules, margin requirements, or compliance obligations for market participants.
Impact Justification
Routine administrative notification of debt securities listings with no market-wide regulatory changes or compliance requirements