Description
NSE notifies listing of four privately placed debt securities from NABARD, PNB Housing Finance, and Power Finance Corporation on the capital market segment, effective March 05, 2026.
Summary
NSE has notified the listing of four privately placed debt securities on its Capital Market segment effective March 05, 2026, pursuant to Regulation 3.1.1 of the NSE (Capital Market) Trading Regulations Part A. The securities are issued by National Bank for Agriculture and Rural Development (NABARD), PNB Housing Finance Limited, and Power Finance Corporation Limited (two series).
Key Points
- Four debt securities admitted to dealings on NSE Capital Market segment from March 05, 2026
- All securities are in the N0 series with a market lot size of 1
- Issued under Circular Ref. No. 0374/2026 (Download Ref: NSE/CML/73118)
- Securities must be identified and traded only by their designated codes
- Lot sizes are as specified in the Annexure
Securities Listed
| Symbol | Issuer | Description | Coupon | Maturity | ISIN |
|---|---|---|---|---|---|
| 710NBRD29 | National Bank for Agriculture and Rural Development | NBRD 7.10% 2029 Sr 26E | 7.10% | 29-Mar-2029 | INE261F08ET6 |
| 759PHFL31 | PNB Housing Finance Limited | PHFL 7.59% 2031 Sr LXXIV | 7.59% | 27-Feb-2031 | INE572E07274 |
| 696PFCL28 | Power Finance Corporation Limited | PFCL 6.96% 2028 Sr 259A | 6.96% | 02-Mar-2028 | INE134E08OC3 |
| 731PFCL36 | Power Finance Corporation Limited | PFCL 7.31% 2036 Sr 259B | 7.31% | 03-Mar-2036 | INE134E08OB5 |
Regulatory Changes
No new regulatory changes introduced. This circular is issued under existing Regulation 3.1.1 (admission to dealings) and Regulation 2.5.5 (lot sizes) of the NSE Capital Market Trading Regulations Part A.
Compliance Requirements
- All NSE members must note the designated security codes and applicable lot sizes for these instruments
- Trading in these securities must use designated codes only
- Lot size of 1 applies to all four securities in the N0 series
Important Dates
- Circular Date: March 04, 2026
- Effective Date (Listing): March 05, 2026
Impact Assessment
This is a routine debt market listing notification. The four securities span maturities from 2028 to 2036, with coupon rates ranging from 6.96% to 7.59%, representing instruments from highly rated issuers (NABARD, PNB Housing Finance, Power Finance Corporation). Impact is primarily on fixed income and debt market participants who may now trade these instruments on the NSE capital market segment. No equity market impact is expected.
Impact Justification
Routine listing of four debt securities from large public sector and financial institutions; relevant to debt market participants and fixed income investors but no systemic regulatory change.