Description
NSE notifies admission of six privately placed debt securities—five commercial papers and one debenture—to dealings on the Debt Market Segment effective May 6, 2026, covering issuers including ICICI Securities, IIFL Finance, and Godrej Consumer Products.
Summary
NSE has notified the listing of six privately placed securities on the Debt Market Segment effective May 6, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations. The securities comprise five Commercial Papers (CPs) and one debenture, issued by ICICI Securities, Aditya Birla Money, IIFL Finance, IIFL Capital Services, Godrej Consumer Products, and Clix Capital Services.
Key Points
- Six debt securities admitted to NSE Debt Market Segment effective May 6, 2026
- Five are Commercial Papers (short-term, maturing between July and August 2026) and one is a debenture (3-year tenor at 9.7% coupon)
- All CPs were allotted on May 5, 2026, at a discount to face value of ₹5,00,000
- The debenture by Clix Capital Services is issued at par (₹1,00,000) with a 9.7% coupon and matures May 5, 2029
- Godrej Consumer Products CP is the largest issuance by quantity: 12,000 units
Regulatory Changes
No regulatory changes. This circular is an operational notification under the existing framework of Regulation 3.1.1 of NSE Debt Market (Trading) Regulations.
Compliance Requirements
No new compliance requirements for market participants. This is a routine listing notification; members are informed of the designated security codes and ISINs for trading purposes.
Important Dates
| Security | Issuer | Allotment | Redemption |
|---|---|---|---|
| ISEC CP 03/08/26 | ICICI Securities Ltd | 05-May-2026 | 03-Aug-2026 |
| ABML CP 04/08/26 | Aditya Birla Money Ltd | 05-May-2026 | 04-Aug-2026 |
| IIFL CP 04/08/26 Sr 2605 | IIFL Finance Ltd | 05-May-2026 | 04-Aug-2026 |
| ISL CP 04/08/26 Sr 63 | IIFL Capital Services Ltd | 05-May-2026 | 04-Aug-2026 |
| GCPL CP 06/07/26 Sr 2 | Godrej Consumer Products Ltd | 05-May-2026 | 06-Jul-2026 |
| CCSP 9.7% 2029 | Clix Capital Services Pvt Ltd | 05-May-2026 | 05-May-2029 |
- Effective date for trading: May 6, 2026
Impact Assessment
Minimal market impact. This is a standard debt market listing notification with no bearing on equity markets or broader regulatory obligations. Investors in debt instruments may note the availability of these securities for trading on the NSE Debt Market Segment. The Clix Capital 9.7% debenture (₹75 crore face value aggregate) and the Godrej CP (₹600 crore face value aggregate) are the larger issuances by notional value. No action required by equity market participants.
Impact Justification
Routine operational circular notifying admission of privately placed debt instruments to the NSE Debt Market Segment; no regulatory changes, no compliance obligations for general market participants, and no impact on equity markets.