Listing of Privately Placed Securities on Capital Market Segment - March 16, 2026

Description

NSE notifies listing of three privately placed debt securities on the Capital Market segment effective March 16, 2026, including bonds from Nomura Capital, Kisetsu Saison Finance, and IFL Finance.

Summary

NSE has notified the listing of three privately placed debt securities on the Capital Market segment, effective March 16, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading Regulations Part A. The circular also specifies lot sizes under Regulation 2.5.5.

Key Points

• Three new debt securities admitted to dealings on NSE Capital Market segment from March 16, 2026
• All securities have a market lot size of 1 under Series N0
• Securities span coupon rates from 7.85% to 11.80%
• All mature in 2028
• Trading to be identified solely by designated security codes

Regulatory Changes

No new regulatory changes introduced. Listing is pursuant to existing Regulation 3.1.1 and Regulation 2.5.5 of the NSE (Capital Market) Trading Regulations Part A.

Compliance Requirements

• Trading members must use the designated security codes for all trades in these instruments
• Trades must be executed in the specified lot sizes as listed in the Annexure (market lot: 1 for all three securities)

Important Dates

• Circular Date: March 13, 2026
• Effective Date: March 16, 2026 (securities admitted to dealings)

Impact Assessment

Three privately placed debt securities are now available for trading on NSE’s Capital Market segment:

IFL Finance offers the highest yield at 11.80%, reflecting higher credit risk relative to the other two issuers. Overall market impact is limited as these are privately placed instruments with niche investor interest.

Impact Justification

Routine listing of three privately placed debt securities with limited broad market impact; relevant only to participants in these specific instruments.