Description

NSE admits privately placed commercial papers and debentures from various companies including ICICI Securities, IIFL Finance, Tata Projects, and Toyota Financial Services to trading on the debt market segment effective December 19, 2025.

Summary

NSE has admitted privately placed debt securities to trading on its Debt Market Segment effective December 19, 2025. The circular lists 9 commercial papers (CPs) and 1 debenture issue from various companies including ICICI Securities Limited, IIFL Finance Limited, Tata Projects Limited, Sundaram Home Finance Limited, Astec LifeSciences Limited, Bharat Heavy Electricals Limited, Kotak Securities Limited, Angel One Limited, and Toyota Financial Services India Limited.

Key Points

  • Total of 10 debt securities admitted to trading on NSE Debt Market Segment
  • 9 Commercial Papers with maturities ranging from January 2026 to June 2026
  • 1 Debenture from Toyota Financial Services India Limited maturing in 2027
  • Effective date: December 19, 2025
  • All securities are privately placed instruments
  • ISINs and security codes assigned for each instrument

Commercial Papers Listed

ICICI Securities Limited

  • Security: ISEC CP 18/03/26
  • ISIN: INE763G14D94
  • Quantity: 27,500 units
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,91,933
  • Allotment Date: December 18, 2025
  • Redemption Date: March 18, 2026

IIFL Finance Limited (2 series)

  • Series 2565: IIFL CP 18/06/26

    • ISIN: INE530B14GI9
    • Quantity: 500 units
    • Issue Price: ₹4,79,899.5
    • Redemption: June 18, 2026

  • Series 2566: IIFL CP 18/02/26

    • ISIN: INE530B14GJ7
    • Quantity: 10,000 units
    • Issue Price: ₹4,92,801
    • Redemption: February 18, 2026

Tata Projects Limited

  • Security: TPL CP 18/03/26 Sr 203
  • ISIN: INE725H14DP4
  • Quantity: 4,000 units
  • Issue Price: ₹4,92,423.5
  • Redemption: March 18, 2026

Sundaram Home Finance Limited

  • Security: SHFL CP 18/03/26 Sr 321
  • ISIN: INE667F14GS9
  • Quantity: 3,000 units
  • Issue Price: ₹4,92,507
  • Redemption: March 18, 2026

Astec LifeSciences Limited

  • Security: ALSL CP 19/01/26 Sr 190
  • ISIN: INE563J14DI0
  • Quantity: 500 units
  • Issue Price: ₹4,97,015
  • Redemption: January 19, 2026

Bharat Heavy Electricals Limited

  • Security: BHEL CP 16/01/26 Sr 24
  • ISIN: INE257A14AE3
  • Quantity: 5,000 units
  • Issue Price: ₹4,97,595
  • Allotment: December 19, 2025
  • Redemption: January 16, 2026

Kotak Securities Limited

  • Security: KSL CP 20/03/26 Sr 235
  • ISIN: INE028E14UD0
  • Quantity: 8,000 units
  • Issue Price: ₹4,91,815.25
  • Allotment: December 19, 2025
  • Redemption: March 20, 2026

Angel One Limited

  • Security: AOL CP 20/03/26 Sr 64
  • ISIN: INE732I14CR6
  • Quantity: 4,000 units
  • Issue Price: ₹4,90,714
  • Allotment: December 19, 2025
  • Redemption: March 20, 2026

Debentures Listed

Toyota Financial Services India Limited

  • Security: TFSIL 7.08% 2027 Sr S57
  • ISIN: INE692Q07621
  • Quantity: 20,000 units
  • Coupon Rate: 7.08%
  • Maturity: 2027

Regulatory Changes

No regulatory changes. This is a routine listing notification pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.

Compliance Requirements

  • Trading members can trade these securities on the NSE Debt Market Segment using the designated security codes
  • All normal debt market trading regulations apply to these instruments

Important Dates

  • Effective Date for Trading: December 19, 2025
  • Allotment Dates: December 18-19, 2025
  • Redemption Dates: Range from January 16, 2026 to 2027

Impact Assessment

This is a routine administrative circular with minimal market impact. The listing of these privately placed debt securities provides additional liquidity options for institutional investors in the debt market segment. The securities represent short to medium-term funding instruments for the issuing companies across financial services, infrastructure, manufacturing, and lifesciences sectors. No impact on equity markets or broader market operations is expected.

Impact Justification

Routine listing notification for privately placed debt securities. Affects debt market participants but has minimal impact on equity markets or broader market operations.