Description
NSE admits two privately placed debt securities to dealings on the Capital Market segment effective February 25, 2026, including bonds from REC Limited and NIIF Infrastructure Finance Limited.
Summary
NSE has notified the admission of two privately placed debt securities to dealings on the National Stock Exchange Capital Market segment, effective February 25, 2026. The securities are issued by REC Limited and NIIF Infrastructure Finance Limited, both listed under the N0 series with a market lot of 1.
Key Points
- Two new debt securities admitted to NSE Capital Market segment with effect from February 25, 2026
- Issued under Regulation 3.1.1 of the NSE (Capital Market) Trading Regulations Part A
- Both securities are privately placed bonds with lot size of 1
- Trading to be identified only by designated security codes
Regulatory Changes
No new regulatory changes introduced. This circular is issued pursuant to existing Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A.
Compliance Requirements
- All NSE members must use the designated security codes for trading these instruments
- Trading in these securities must be conducted in the specified lot sizes (1 unit each)
- Members should update their systems to recognize the new security codes from February 25, 2026
Important Dates
- Circular Date: February 24, 2026
- Effective Date: February 25, 2026
- REC Limited Bond Maturity: February 18, 2028
- NIIF Infrastructure Finance Bond Maturity: February 27, 2031
Impact Assessment
REC Limited (Symbol: 695RECL28)
- Series: N0 | Market Lot: 1
- Issue: REC 6.95% 2028 Sr 251
- Coupon Rate: 6.95%
- Maturity: February 18, 2028
- ISIN: INE020B08GB8
NIIF Infrastructure Finance Limited (Symbol: 768NIIF31)
- Series: N0 | Market Lot: 1
- Issue: NIIF 7.68% 2031 Sr PP7
- Coupon Rate: 7.68%
- Maturity: February 27, 2031
- ISIN: INE246R07855
Both are investment-grade infrastructure/public sector debt instruments. Market impact is limited to bond market participants and institutional investors tracking these specific issuers. The listing improves liquidity and price discovery for these privately placed instruments.
Impact Justification
Routine admission of two privately placed debt securities to NSE Capital Market segment; affects only bond market participants and investors in these specific instruments.