Description
NSE lists privately placed commercial papers of 9 companies including CEAT, ICICI Securities, Angel One, HDFC Securities, Aditya Birla Capital, Tata Capital, EXIM Bank, Barclays India, and HDB Financial Services on its Debt Market Segment effective February 26, 2026.
Summary
NSE has admitted privately placed commercial papers (CPs) of 9 companies to dealings on its Debt Market Segment effective February 26, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations. All securities were allotted on February 25, 2026.
Key Points
- 10 commercial paper instruments across 9 issuers admitted to NSE Debt Market Segment
- All CPs have a face value of Rs. 5,00,000 per unit
- Tenors range from approximately 51 days (CEAT, April 17 redemption) to 1 year (Angel One, February 25, 2027)
- Largest issuance by quantity: Export Import Bank of India with 57,000 units (Rs. 2,850 crore face value)
- HDB Financial Services issued two separate CP tranches with different redemption dates
Regulatory Changes
No regulatory changes. This is a routine notification under Regulation 3.1.1 of the NSE Debt Market (Trading) Regulations for admission of privately placed securities to dealings.
Compliance Requirements
No new compliance requirements for members. Standard debt market trading rules apply for dealings in these newly listed commercial paper instruments.
Important Dates
- Date of Allotment (all securities): February 25, 2026
- Effective date of trading: February 26, 2026
- CEAT Limited CP redemption: April 17, 2026
- ICICI Securities CP redemption: June 11, 2026
- HDFC Securities CP redemption: May 27, 2026
- Tata Capital CP redemption: May 26, 2026
- Export Import Bank CP redemption: May 27, 2026
- Barclays India CP redemption: September 21, 2026
- HDB Financial Services CP (Sr 325) redemption: May 27, 2026
- HDB Financial Services CP (Sr 324) redemption: July 7, 2026
- Aditya Birla Capital CP redemption: January 29, 2027
- Angel One CP redemption: February 25, 2027
Impact Assessment
This is a routine debt market listing circular with minimal market impact. The commercial papers are short-to-medium term money market instruments used by corporates for working capital financing. The largest issuer is Export Import Bank of India (57,000 units at face value Rs. 2,850 crore), reflecting significant government-backed borrowing activity. Debt market participants and institutional investors can now trade these instruments on NSE’s Debt Market Segment. No impact on equity market operations or retail investors.
Impact Justification
Routine administrative listing of privately placed commercial papers on the debt market segment. No regulatory changes or compliance requirements for equity market participants. Impact is limited to debt market participants dealing in commercial paper instruments of these specific issuers.