Description

NSE notifies the listing of privately placed debt securities including Commercial Papers from Angel One, HDFC Securities, Mahindra Finance, Kotak Securities and Municipal Bonds from Tiruppur City and Greater Chennai Corporation, effective January 12, 2026.

Summary

National Stock Exchange has admitted privately placed debt securities to dealings on its Debt Market Segment effective January 12, 2026. The circular lists newly listed Commercial Papers from financial services companies and Municipal Bonds from Tamil Nadu municipal corporations, providing complete details including ISINs, face values, issue prices, allotment dates, and redemption dates.

Key Points

  • Four Commercial Paper issuances listed from Angel One Limited, HDFC Securities Limited, Mahindra & Mahindra Financial Services Limited, and Kotak Securities Limited
  • Five Municipal Bond series listed from Tiruppur City Municipal Corporation and Greater Chennai Corporation
  • All securities admitted to dealings with effect from January 12, 2026
  • Commercial Papers have short tenures ranging from 22 days to 91 days
  • Municipal Bonds are long-term instruments with maturities ranging from 2030 to 2036
  • Circular issued under Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations

Newly Listed Securities

Commercial Papers:

  1. Angel One Limited (AOL CP 10/04/26 Sr 67)

    • ISIN: INE732I14CU0
    • Quantity: 1,000 securities
    • Face Value: ₹5,00,000
    • Issue Price: ₹4,90,822.50
    • Allotment Date: January 9, 2026
    • Redemption Date: April 10, 2026

  2. HDFC Securities Limited (HSL CP 03/02/2026)

    • ISIN: INE700G14RO2
    • Quantity: 1,000 securities
    • Face Value: ₹5,00,000
    • Issue Price: ₹4,97,855
    • Allotment Date: January 9, 2026
    • Redemption Date: February 3, 2026

  3. Mahindra & Mahindra Financial Services Limited (MMFSL CP 03/02/26 Sr 873)

    • ISIN: INE774D14TH4
    • Quantity: 10,000 securities
    • Face Value: ₹5,00,000
    • Issue Price: ₹4,97,869
    • Allotment Date: January 9, 2026
    • Redemption Date: February 3, 2026

  4. Kotak Securities Limited (KSL CP 03/02/26 Sr 251)

    • ISIN: INE028E14TJ9
    • Quantity: 3,000 securities
    • Face Value: ₹5,00,000
    • Issue Price: ₹4,98,111.50
    • Allotment Date: January 12, 2026
    • Redemption Date: February 3, 2026

Municipal Bonds:

  1. Tiruppur City Municipal Corporation (Tiruppur City 8.50% 2036)

    • ISIN: INE2OVI24018
    • Quantity: 10,000 securities
    • Face Value: ₹1,00,000
    • Issue Price: ₹1,00,000
    • Coupon Rate: 8.50%
    • Allotment Date: January 9, 2026
    • Redemption Date: January 9, 2036

  2. Greater Chennai Corporation (GCC 7.95% 2030 Sr A)

    • ISIN: INE1SKA24078
    • Quantity: 2,937 securities
    • Face Value: ₹1,00,000
    • Issue Price: ₹1,00,000
    • Coupon Rate: 7.95%
    • Allotment Date: January 9, 2026
    • Redemption Date: January 9, 2030

  3. Greater Chennai Corporation (GCC 7.95% 2031 Sr B)

    • ISIN: INE1SKA24086
    • Quantity: 2,937 securities
    • Face Value: ₹1,00,000
    • Issue Price: ₹1,00,000
    • Coupon Rate: 7.95%
    • Allotment Date: January 9, 2026
    • Redemption Date: January 9, 2031

  4. Greater Chennai Corporation (GCC 7.95% 2032 Sr C)

    • ISIN: INE1SKA24094
    • Quantity: 2,937 securities
    • Face Value: ₹1,00,000
    • Issue Price: ₹1,00,000
    • Coupon Rate: 7.95%
    • Allotment Date: January 9, 2026
    • Redemption Date: January 9, 2032

  5. Greater Chennai Corporation (GCC 7.95% 2033 Sr D)

    • ISIN: INE1SKA24102
    • Quantity: Not fully specified in circular
    • Face Value: ₹1,00,000
    • Issue Price: ₹1,00,000
    • Coupon Rate: 7.95%
    • Allotment Date: January 9, 2026
    • Redemption Date: January 9, 2033

Regulatory Framework

The listing has been notified in pursuance of Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations. Each security has been assigned designated security codes for trading on the Debt Market Segment.

Compliance Requirements

No specific compliance actions are required from market participants. This is an informational circular notifying members about newly listed securities available for trading on the debt market segment.

Important Dates

  • Circular Date: January 12, 2026
  • Effective Date for Trading: January 12, 2026
  • Allotment Dates: January 9, 2026 (most securities) and January 12, 2026 (Kotak Securities CP)
  • Redemption Dates: Range from February 3, 2026 (short-term CPs) to January 9, 2036 (long-term municipal bond)

Impact Assessment

This circular has minimal market impact as it is a routine listing notification for the debt market segment. The newly listed securities provide debt market participants with additional investment options in corporate commercial papers and municipal bonds. The commercial papers offer short-term investment opportunities with tenures of 22 to 91 days, while the municipal bonds provide long-term fixed income options with coupon rates of 7.95% to 8.50%. No changes to trading rules, compliance requirements, or market operations are introduced.

Impact Justification

Routine listing notification for privately placed debt securities. No impact on equity markets or trading regulations. Information is primarily for debt market participants tracking new issuances.