Description

NSE notifies admission of two privately placed debt securities — EXIM Bank and Mangalam Worldwide Limited bonds — to dealings on the Capital Market segment effective March 23, 2026.

Summary

NSE has notified the admission of two privately placed debt securities to dealings on the Capital Market segment with effect from March 23, 2026, pursuant to Regulation 3.1.1 of the NSE (Capital Market) Trading Regulations Part A.

Key Points

  • Two securities admitted to the NSE Capital Market segment effective March 23, 2026
  • Export Import Bank of India (EXIM): Symbol 723EXIM31, Series N0, Market Lot 1, Coupon 7.23%, Maturity March 18, 2031, ISIN INE514E08GG3
  • Mangalam Worldwide Limited (MWL): Symbol 975MWL29, Series N0, Market Lot 1, Coupon 9.75%, Maturity March 17, 2029, ISIN INE0JYY07018
  • Lot sizes for both securities are set at 1 unit per Regulation 2.5.5
  • Securities must be traded using their designated codes only

Regulatory Changes

No new regulatory changes. This circular is issued under existing Regulation 3.1.1 and Regulation 2.5.5 of the NSE (Capital Market) Trading Regulations Part A.

Compliance Requirements

  • All NSE members must use the designated security codes (723EXIM31 and 975MWL29) for trading these securities
  • Trading must be conducted in the specified lot sizes (Market Lot: 1 for both securities)

Important Dates

  • Circular Date: March 20, 2026
  • Effective Date: March 23, 2026 (both securities admitted to dealings)
  • EXIM Bond Maturity: March 18, 2031
  • MWL Bond Maturity: March 17, 2029

Impact Assessment

Limited market impact. This is a routine listing notification for two privately placed debt instruments. Export Import Bank of India is a government-owned institution; its 7.23% bond (Sr AB01) is a relatively low-risk instrument. Mangalam Worldwide Limited’s 9.75% bond carries a higher coupon, reflecting higher credit risk. Both are niche instruments with a market lot of 1, primarily relevant to institutional or HNI investors participating in the NSE debt segment.

Impact Justification

Routine admission of two privately placed debt securities to the capital market segment; no regulatory changes or broad market impact.