Description
NSE notifies admission of privately placed commercial papers from 10 entities including Trent, HDFC Securities, NABARD, ICICI Securities, and others to dealings on the Debt Market Segment effective May 13, 2026.
Summary
NSE’s Listing Department (Circular Ref. No. 0774/2026, Download Ref No: NSE/CML/74192) notifies that ten privately placed commercial papers have been admitted to dealings on the Debt Market Segment of the Exchange with effect from May 13, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.
Key Points
- Ten fresh commercial paper (CP) issuances across ten issuers have been listed on NSE’s Debt Market Segment.
- All securities were allotted on May 12, 2026 and listed effective May 13, 2026.
- Face value for all CPs is ₹5,00,000 per unit; issue prices reflect varying discounts based on tenor.
- Maturities span July 3, 2026 through December 11, 2026 (short- to medium-term money market instruments).
- Total issuance volume: approximately 48,300 units across all issuers, representing aggregate issue proceeds of roughly ₹23,700 crore.
Securities Listed
| Issuer | Description | ISIN | Qty | Issue Price (₹) | Redemption |
|---|---|---|---|---|---|
| Trent Limited | TL CP 11/12/26 | INE849A14122 | 2,000 | 4,79,839 | 11-Dec-2026 |
| HDFC Securities Limited | HSL CP 28/07/2026 | INE700G14TL4 | 2,500 | 4,92,519 | 28-Jul-2026 |
| Kotak Securities Limited | KSL CP 11/08/26 Sr 19 | INE028E14WD6 | 500 | 4,90,882.5 | 11-Aug-2026 |
| Axis Securities Limited | ASL CP 11/08/26 Sr 7 | INE110O14IG3 | 1,000 | 4,90,882.5 | 11-Aug-2026 |
| NABARD | NABARD CP 11/08/26 Sr 27 | INE261F14PH5 | 10,000 | 4,91,966 | 11-Aug-2026 |
| ICICI Securities Limited | ISEC CP 03/07/26 | INE763G14I32 | 2,800 | 4,95,028 | 03-Jul-2026 |
| HDFC Securities Limited | HSL CP 11/08/2026 | INE700G14TK6 | 12,000 | 4,91,007.5 | 11-Aug-2026 |
| Aditya Birla Capital Limited | ABCL CP 11/08/26 Sr 40 | INE674K14CI5 | 6,000 | 4,91,123 | 11-Aug-2026 |
| Hero FinCorp Limited | HFL CP 11/08/26 | INE957N14KG5 | 4,000 | 4,91,062.5 | 11-Aug-2026 |
| SMFG India Home Finance Company Limited | SIHFCL CP 11/08/26 Sr 4 | INE213W14190 | 4,000 | 4,91,604.5 | 11-Aug-2026 |
Regulatory Changes
No new regulatory changes. This circular is issued in the ordinary course under Regulation 3.1.1 of the NSE Debt Market (Trading) Regulations, which governs the notification and admission of privately placed debt securities.
Compliance Requirements
- No action required for equity market participants or retail investors.
- Debt market members may trade these securities using the designated security codes and ISINs listed in the Annexure from May 13, 2026.
- Issuers must comply with ongoing disclosure and reporting obligations under SEBI’s debt securities framework.
Important Dates
- Allotment Date: May 12, 2026 (all issuers)
- Listing / Trading Effective Date: May 13, 2026
- Earliest Redemption: July 3, 2026 (ICICI Securities CP)
- Latest Redemption: December 11, 2026 (Trent Limited CP)
Impact Assessment
This is a routine operational listing circular with no material market-moving implications. The commercial papers are short-tenure money market instruments issued by well-established financial institutions and corporates. NABARD’s issuance (10,000 units at ₹4,91,966 per unit ≈ ₹4,920 crore) is the largest single tranche. HDFC Securities’ combined issuance (14,500 units across two CPs) is the largest by a single issuer. The listing provides debt market members with additional short-term fixed-income trading opportunities, but has no direct impact on equity markets or broader regulatory compliance obligations.
Impact Justification
Routine debt market listing notification for privately placed commercial papers. These are short-term money market instruments with maturities ranging from July to December 2026; no regulatory changes or compliance obligations for equity market participants.