Description
NSE admits privately placed Commercial Papers from Tata Capital Housing Finance, ICICI Securities, IIFL Finance, Godrej Industries, NABARD, Motilal Oswal, IIFL Capital Services, and NABARD bonds to debt market segment effective March 18, 2026.
Summary
NSE has admitted privately placed securities to dealings on the Debt Market Segment effective March 18, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations. The admitted securities include eight Commercial Papers (CPs) and one debt security (NABARD bond).
Key Points
- Eight Commercial Papers from seven issuers admitted to NSE Debt Market Segment effective March 18, 2026
- One additional debt security (NABARD bond at 7.44% maturing 2029) also listed
- All CPs have face value of ₹5,00,000 each with redemption dates in June 2026
- Allotment dates are March 17–18, 2026
- Security codes (ISINs) assigned as specified in annexure
Commercial Papers Listed
| Issuer | Description | ISIN | Quantity | Issue Price | Allotment | Redemption |
|---|---|---|---|---|---|---|
| Tata Capital Housing Finance Ltd | TCHFL CP 16/06/26 Sr 1 | INE033L14OT4 | 4,000 | ₹4,91,111.00 | 17-Mar-2026 | 16-Jun-2026 |
| ICICI Securities Ltd | ISEC CP 18/06/26 | INE763G14G91 | 2,000 | ₹4,90,342.50 | 17-Mar-2026 | 18-Jun-2026 |
| ICICI Securities Ltd | ISEC CP 16/06/26 | INE763G14G83 | 31,500 | ₹4,90,558.50 | 17-Mar-2026 | 16-Jun-2026 |
| IIFL Finance Ltd | IIFL CP 16/06/26 Sr 2581 | INE530B14GY6 | 3,000 | ₹4,88,788.50 | 17-Mar-2026 | 16-Jun-2026 |
| Godrej Industries Ltd | GIL CP 16/06/26 Sr 177 | INE233A147Q6 | 1,500 | ₹4,90,882.50 | 17-Mar-2026 | 16-Jun-2026 |
| NABARD | NABARD CP 16/06/26 Sr 26AP | INE261F14PB8 | 23,000 | ₹4,90,822.50 | 17-Mar-2026 | 16-Jun-2026 |
| Motilal Oswal Financial Services Ltd | MOFS CP 16/06/2026 | INE338I14MH2 | 14,200 | ₹4,90,306.31 | 17-Mar-2026 | 16-Jun-2026 |
| IIFL Capital Services Ltd | ISL CP 16/06/26 Sr 51 | INE489L14751 | 4,000 | ₹4,88,788.50 | 17-Mar-2026 | 16-Jun-2026 |
| ICICI Securities Ltd | ISEC CP 17/06/26 | INE763G14H09 | 8,000 | ₹4,90,546.00 | 18-Mar-2026 | 17-Jun-2026 |
Debt Securities Listed
- NABARD Bond: NBRD 7.44% 2029 Sr 26F (ISIN: INE261F08EU4) — a medium-term bond maturing in 2029 at a coupon rate of 7.44%.
Regulatory Changes
No new regulatory changes. This circular is issued in pursuance of existing Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.
Compliance Requirements
No specific compliance requirements for market participants. Members are notified of the new security codes for trading purposes.
Important Dates
- Effective Date: March 18, 2026 — securities admitted to dealings
- Allotment Dates: March 17–18, 2026
- Redemption Dates: June 16–18, 2026 (CPs); 2029 (NABARD bond)
Impact Assessment
This is a routine listing notification with low market impact. The admitted CPs are short-term instruments (approximately 90 days) from well-known financial institutions and corporates. The NABARD 7.44% bond adds a medium-term government-backed instrument. No disruption to existing trading or compliance obligations is expected.
Impact Justification
Routine administrative listing of privately placed short-term commercial papers and one debt security on the NSE debt market segment. No regulatory changes or compliance requirements for general market participants.