Description
NSE notifies listing of three privately placed securities effective January 19, 2026: TVS Infrastructure Trust (floating rate bond maturing 2045), SIDBI (7.04% bond maturing 2029), and PNB Housing Finance (7.5343% bond maturing 2031).
Summary
NSE has admitted three privately placed securities to trading on the Capital Market segment effective January 19, 2026. The securities include a floating rate bond from TVS Infrastructure Trust maturing in 2045, a 7.04% bond from SIDBI maturing in 2029, and a 7.5343% bond from PNB Housing Finance Limited maturing in 2031. All securities will trade with a market lot size of 1.
Key Points
- Three new privately placed securities admitted to NSE Capital Market segment
- All securities have market lot size of 1
- Trading will commence on January 19, 2026
- Securities will be identified by their designated codes on the trading system
- Circular issued pursuant to Regulation 3.1.1 and 2.5.5 of NSE Capital Market Trading Regulations Part A
Securities Details
TVS Infrastructure Trust
- Symbol: TIT45
- Issue: TIT RESET 2045
- Coupon Rate: Floating Rate
- Maturity Date: September 30, 2045
- ISIN: INE1JNC07015
- Market Lot: 1
Small Industries Development Bank of India (SIDBI)
- Symbol: 704SIDBI29
- Issue: SIDBI 7.04% 2029 Sr IV
- Coupon Rate: 7.04%
- Maturity Date: February 9, 2029
- ISIN: INE556F08LB2
- Market Lot: 1
PNB Housing Finance Limited
- Symbol: 75343PHF31
- Issue: PHFL 7.5343% 2031
- Coupon Rate: 7.5343%
- Maturity Date: January 13, 2031
- ISIN: INE572E07266
- Market Lot: 1
Regulatory Changes
No regulatory changes. This is a routine listing notification under existing regulations.
Compliance Requirements
Members must:
- Use the designated security codes for trading these securities
- Trade in the specified lot sizes (1 unit for all three securities)
- Ensure trading systems are updated to reflect the new listings
Important Dates
- Circular Date: January 16, 2026
- Effective Date: January 19, 2026
- Commencement of Trading: January 19, 2026
Impact Assessment
This circular has minimal market impact as it is a standard administrative notification for listing privately placed debt securities. The addition of these three securities expands the debt market offerings on NSE, providing institutional investors with additional fixed income investment options. The securities represent infrastructure financing (TVS Infrastructure Trust), development banking (SIDBI), and housing finance (PNB Housing Finance) sectors.
Impact Justification
Routine listing notification for three privately placed debt securities with no broader market implications