Description
NSE admits three privately placed debt securities to dealings on the Capital Market segment effective March 27, 2026, including bonds from Trust Investment Advisors, NIIF Infrastructure Finance, and Union Bank of India.
Summary
NSE has admitted three privately placed debt securities to dealings on the Capital Market segment effective March 27, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading Regulations Part A. The securities are issued by Trust Investment Advisors Private Limited, NIIF Infrastructure Finance Limited, and Union Bank of India, all with a market lot size of 1.
Key Points
- Three new debt securities admitted to NSE Capital Market segment with effect from March 27, 2026
- All securities are in the N0 series with a market lot size of 1
- Securities are identified by designated codes for trading purposes
- Circular reference: NSE/CML/73466, Circular Ref. No. 0516/2026
- Issued by Senior Manager Bansri Gosalia on behalf of NSE
Regulatory Changes
No new regulatory changes introduced. Admission is pursuant to existing Regulation 3.1.1 and Regulation 2.5.5 of the National Stock Exchange (Capital Market) Trading Regulations Part A, governing admission of securities and specification of lot sizes respectively.
Compliance Requirements
- Members must use the designated security codes for trading these instruments on the system
- Trading must be conducted in the specified lot sizes as per the Annexure
- No additional compliance actions required for members beyond standard trading procedures
Important Dates
- Circular Date: March 25, 2026
- Effective Date: March 27, 2026 (all three securities admitted to dealings)
- Maturity Dates:
- 915TIAPL33 (TIAPL 9.15% 2033 Sr VI): March 10, 2033
- 775NIIF33 (NIIF 7.75% 2033 Sr PP9): February 17, 2033
- 716UBI36 (UBI 7.16% 2036 Sr 1): March 24, 2036
Impact Assessment
This is a routine listing circular with limited market impact. The three bonds are privately placed instruments targeting institutional investors. Details of each security:
| Symbol | Issuer | Coupon | Maturity | ISIN |
|---|---|---|---|---|
| 915TIAPL33 | Trust Investment Advisors Private Limited | 9.15% | 10-Mar-2033 | INE723X07281 |
| 775NIIF33 | NIIF Infrastructure Finance Limited | 7.75% | 17-Feb-2033 | INE246R07889 |
| 716UBI36 | Union Bank of India | 7.16% | 24-Mar-2036 | INE692A08235 |
The listing improves liquidity and price discovery for existing holders of these bonds. Union Bank of India’s bond at 7.16% and NIIF’s infrastructure bond at 7.75% are particularly relevant to institutional fixed-income portfolios.
Impact Justification
Routine admission of three privately placed debt securities to NSE capital market segment; affects only the specific bond instruments and their investors, with no broader market or regulatory impact.