Description

Notification of listing of commercial paper and debt securities from Cholamandalam Securities, CEAT, Export Import Bank of India, and Godrej Properties on NSE debt market segment effective December 31, 2025.

Summary

NSE has admitted privately placed securities to dealings on the Debt Market Segment effective December 31, 2025. The listing includes commercial paper from Cholamandalam Securities Limited, CEAT Limited, Export Import Bank of India, and Godrej Properties Limited, as well as debt securities from CEAT Limited.

Key Points

  • Five new debt securities listed on NSE debt market segment
  • Four commercial paper instruments with maturities ranging from January to March 2026
  • One non-convertible debenture from CEAT with 5-year maturity
  • All securities allotted on December 30, 2025
  • Listing effective from December 31, 2025
  • Total commercial paper quantity: 34,800 units with face value of ₹5,00,000 each
  • CEAT debenture: 25,000 units with face value of ₹1,00,000 each

Securities Details

Commercial Paper

Cholamandalam Securities Limited (CSL CP 20/03/26 Sr 7)

  • ISIN: INE04JX14157
  • Quantity: 800 units
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,92,126
  • Redemption Date: March 20, 2026

CEAT Limited (CL CP 23/01/26)

  • ISIN: INE482A14FD8
  • Quantity: 1,000 units
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,97,979.50
  • Redemption Date: January 23, 2026

Export Import Bank of India (EXIM CP 29/01/26 Sr 8)

  • ISIN: INE514E14TB5
  • Quantity: 30,000 units
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,97,486
  • Redemption Date: January 29, 2026

Godrej Properties Limited (GPL CP 20/03/26 Sr 100)

  • ISIN: INE484J14ZW3
  • Quantity: 3,000 units
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,93,243
  • Redemption Date: March 20, 2026

Debt Securities

CEAT Limited (CL 7.20% 2030)

  • ISIN: INE482A08033
  • Quantity: 25,000 units
  • Face Value: ₹1,00,000
  • Issue Price: ₹1,00,000
  • Coupon Rate: 7.20%
  • Redemption Date: December 30, 2030
  • No call or put options

Regulatory Changes

No regulatory changes announced. This is a standard listing notification under Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.

Compliance Requirements

No specific compliance requirements for market participants. This is an informational circular regarding new listings.

Important Dates

  • Allotment Date: December 30, 2025 (all securities)
  • Listing Effective Date: December 31, 2025
  • CP Redemption Dates:
    • January 23, 2026 (CEAT CP)
    • January 29, 2026 (EXIM CP)
    • March 20, 2026 (Cholamandalam CP and Godrej Properties CP)
  • Debenture Redemption Date: December 30, 2030 (CEAT debenture)

Impact Assessment

This is a routine administrative notification with minimal market impact. The listing provides additional debt instruments for institutional investors in the secondary market. The commercial paper instruments offer short-term investment opportunities (24-80 days tenure), while the CEAT debenture provides a longer-term fixed-income option with 7.20% coupon rate. No operational changes required for market participants.

Impact Justification

Routine administrative notification of debt securities listing with no broader market implications or regulatory changes