Description

Eight series of Nashik Municipal Corporation (NMC) bonds with 8.05% coupon rate and maturities from 2029 to 2036 admitted to dealings on NSE Debt Segment effective March 06, 2026.

Summary

NSE has admitted eight series of Nashik Municipal Corporation (NMC) bonds to dealings on its Debt Segment, effective March 06, 2026. All eight series carry an 8.05% fixed coupon rate, were issued on March 05, 2026, and have staggered maturities from 2029 to 2036. Each series has an issued capital of ₹2,500 lakhs with a face value of ₹125 per unit, is CRISIL-rated, and pays interest periodically.

Key Points

  • Eight NMC bond series (NMC29 through NMC36) admitted to NSE Debt Segment effective March 06, 2026
  • All series carry a uniform coupon rate of 8.05% per annum, fixed and periodic
  • Issue date: March 05, 2026; maturities range from March 05, 2029 to March 05, 2036
  • Each series has an issued capital of ₹2,500 lakhs and a face value of ₹125
  • All series are publicly issued, CRISIL-rated, and classified as RDNGMG instrument type
  • First interest payment date: September 05, 2026 (last payment reference: September 04, 2026)
  • ISINs: INE579F24099 (NMC29), INE579F24065 (NMC30), INE579F24032 (NMC31), INE579F24057 (NMC32), INE579F24040 (NMC33), INE579F24081 (NMC34), INE579F24073 (NMC35), INE579F24107 (NMC36)

Regulatory Changes

No new regulatory changes. This circular is issued in reference to NSE/CML/23366 dated May 8, 2013 and NSE/DS/24832 dated October 25, 2013, which govern the admission of securities to the Debt Segment.

Compliance Requirements

No specific compliance actions required for members beyond standard debt segment trading procedures. Members may trade these securities from the effective date.

Important Dates

  • Issue Date: March 05, 2026
  • Effective Date for Trading: March 06, 2026
  • First Interest Payment Date: September 05, 2026
  • Maturity Dates: March 05, 2029 / 2030 / 2031 / 2032 / 2033 / 2034 / 2035 / 2036

Impact Assessment

This is a routine listing notification with minimal market-wide impact. The admission of Nashik Municipal Corporation bonds provides investors access to CRISIL-rated, fixed-income municipal debt instruments with maturities spanning seven years (2029–2036). Total issued capital across all eight series amounts to ₹20,000 lakhs (₹200 crore). These instruments are relevant primarily to fixed-income investors seeking municipal bond exposure.

Impact Justification

Routine admission of municipal bonds to the debt segment; limited market-wide impact as these are niche fixed-income instruments from a single municipal body.