Description
NSE admits seven commercial papers and one debenture from companies including Godrej Properties, Bajaj Auto Credit, HPCL, CEAT, Aditya Birla Capital, EPL, Ramco Cements, and L&T Finance to dealings on the Debt Market Segment effective April 23, 2026.
Summary
NSE has admitted eight privately placed debt securities to dealings on the Debt Market Segment effective April 23, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations. The securities comprise seven commercial papers (CPs) and one long-term debenture issued by prominent Indian corporates.
Key Points
- Seven commercial papers from Godrej Properties, Bajaj Auto Credit, EPL Limited, HPCL, CEAT, Aditya Birla Capital, and Ramco Cements admitted to NSE Debt Market Segment.
- One long-term debenture from L&T Finance Limited (7.7942% coupon, maturing June 27, 2031) also listed.
- All commercial papers carry a face value of ₹5,00,000 each; the debenture has a face value of ₹1,00,000.
- CP maturities range from one month (CEAT, May 22, 2026) to three months (Godrej Properties and Bajaj Auto Credit, July 22, 2026).
- Circular reference: NSE/CML/73867 | Circular Ref. No: 0672/2026.
Regulatory Changes
No new regulatory changes introduced. Admission is in routine pursuance of Regulation 3.1.1 of the NSE Debt Market (Trading) Regulations.
Compliance Requirements
No new compliance requirements for members or issuers beyond standard debt market trading and settlement obligations. Members may trade these securities using the designated security codes provided in the annexure from the effective date.
Important Dates
| Security | Issuer | Allotment Date | Redemption Date |
|---|---|---|---|
| GPL CP 22/07/26 Sr 23 | Godrej Properties Ltd | 22-Apr-2026 | 22-Jul-2026 |
| BACL CP 22/07/26 Sr 5 | Bajaj Auto Credit Ltd | 22-Apr-2026 | 22-Jul-2026 |
| EPL CP 21/07/26 | EPL Limited | 22-Apr-2026 | 21-Jul-2026 |
| HPCL CP 11/06/26 Sr 41 | Hindustan Petroleum Corp Ltd | 22-Apr-2026 | 11-Jun-2026 |
| CL CP 22/05/26 | CEAT Limited | 22-Apr-2026 | 22-May-2026 |
| ABCL CP 02/07/26 Sr 25 | Aditya Birla Capital Ltd | 22-Apr-2026 | 02-Jul-2026 |
| TRCL CP 08/06/26 | The Ramco Cements Ltd | 23-Apr-2026 | 08-Jun-2026 |
| LTFL 7.7942% 2031 Sr A | L&T Finance Limited | 21-Apr-2026 | 27-Jun-2031 |
- Effective date for trading: April 23, 2026
Impact Assessment
This is a routine operational listing notification with no material impact on equity markets. Debt market participants gain access to eight new instruments for trading. The commercial papers reflect short-term fundraising activity by well-known corporates at competitive discount rates (e.g., HPCL CP priced at ₹4,96,112.5 against ₹5,00,000 face value). The L&T Finance debenture at 7.7942% coupon with a 2031 maturity represents a longer-duration fixed-income instrument. Aggregate CP issuance across the seven issuers totals approximately ₹14,875 crore in face value, indicating active short-term borrowing in the market.
Impact Justification
Routine debt market listing circular covering short-term commercial papers and one long-term debenture. No regulatory changes or compliance requirements for equity investors; relevant only to debt market participants tracking these specific instruments.