Hmda - Stock Market Circularshttps://rhnvrm.github.io/stock-market-circulars/tags/hmda/Regulatory circulars from NSE, BSE, and SEBI with AI-powered summariesHugo -- gohugo.ioen-usTue, 07 Apr 2026 00:00:00 +0000NSE Listing of Hyderabad Metropolitan Development Authority Privately Placed Securities on Capital Market Segmenthttps://rhnvrm.github.io/stock-market-circulars/circulars/nse/2026/nse-2026-04-07-eaf4d0658447675a-listing-of-privately-placed-securities-on-capital-market-segment/Tue, 07 Apr 2026 00:00:00 +0530https://rhnvrm.github.io/stock-market-circulars/circulars/nse/2026/nse-2026-04-07-eaf4d0658447675a-listing-of-privately-placed-securities-on-capital-market-segment/NSE notifies listing of 12 privately placed HMDA bond tranches (8.7% coupon) on the capital market segment effective April 08, 2026, covering STRPP series maturing between 2031 and 2046.nselistinglowlowloweaf4d0658447675ahttps://nsearchives.nseindia.com/content/circulars/CML73636.pdf87HMDA3187HMDA4187HMDA3787HMDA4487HMDA3387HMDA4687HMDA3887HMDA3587HMDA3687HMDA4587HMDA3987HMDA34listingprivately-placed-securitiescapital-market-segmentbondsdebthmdahyderabad-metropolitan-development-authoritystrppmunicipal-bondsSummary

NSE has notified the listing of 12 privately placed bond tranches issued by Hyderabad Metropolitan Development Authority (HMDA) on the Capital Market segment, effective April 08, 2026. All tranches carry an 8.7% coupon rate and belong to the STRPP (Structured Product) series with maturities ranging from 2031 to 2046. Each security has a market lot size of 1 and trades under Series N0.

Key Points

  • 12 HMDA bond tranches admitted to dealings on NSE Capital Market segment effective April 08, 2026
  • All securities carry a coupon rate of 8.7% per annum
  • Market lot size for all tranches is 1 unit
  • Series code: N0 for all tranches
  • Securities are identified by designated codes for trading purposes
  • Issued under Regulation 3.1.1 and Regulation 2.5.5 of NSE Capital Market Trading Regulations Part A

Regulatory Changes

No new regulatory changes. The listing is pursuant to existing Regulation 3.1.1 (admission to dealings) and Regulation 2.5.5 (lot sizes) of the National Stock Exchange (Capital Market) Trading Regulations Part A.

Compliance Requirements

  • Members must use only the designated security codes for trading these instruments
  • Trading must be conducted in the specified lot sizes (1 unit per lot)
  • All trades subject to NSE Capital Market Trading Regulations Part A

Important Dates

  • Circular Date: April 07, 2026
  • Effective Date: April 08, 2026
  • Maturity Dates by Tranche:
    • 87HMDA31 (STRPP B): March 14, 2031
    • 87HMDA33 (STRPP D): March 15, 2033
    • 87HMDA34 (STRPP E): March 15, 2034
    • 87HMDA35 (STRPP F): March 15, 2035
    • 87HMDA36 (STRPP G): March 14, 2036
    • 87HMDA37 (STRPP H): March 13, 2037
    • 87HMDA38 (STRPP I): March 15, 2038
    • 87HMDA39 (STRPP J): March 15, 2039
    • 87HMDA41 (STRPP L): March 15, 2041
    • 87HMDA44 (STRPP O): March 15, 2044
    • 87HMDA45 (STRPP P): March 15, 2044
    • 87HMDA46 (STRPP Q): March 15, 2044

Impact Assessment

Limited market impact. These are routine municipal bond listings for a state infrastructure authority (HMDA). The securities are privately placed with a fixed 8.7% coupon and small lot sizes of 1, making them accessible to institutional and retail investors in the debt segment. No systemic or broad equity market implications. Relevant primarily to fixed-income investors tracking municipal/infrastructure bonds in the NSE debt market.

]]>NSE Listing of Privately Placed Securities on Debt Market Segment - April 07, 2026https://rhnvrm.github.io/stock-market-circulars/circulars/nse/2026/nse-2026-04-07-eb7df71f85d22214-listing-of-privately-placed-securities-on-the-debt-market-segment-of-the-exchang/Tue, 07 Apr 2026 00:00:00 +0530https://rhnvrm.github.io/stock-market-circulars/circulars/nse/2026/nse-2026-04-07-eb7df71f85d22214-listing-of-privately-placed-securities-on-the-debt-market-segment-of-the-exchang/NSE admits privately placed commercial papers of Reliance Retail Ventures Limited and IIFL Capital Services Limited, along with debt securities of Hyderabad Metropolitan Development Authority (HMDA) in multiple tranches, to dealings on the Debt Market Segment effective April 07, 2026.nselistingmediumlowmediumeb7df71f85d22214https://nsearchives.nseindia.com/content/circulars/CML73637.pdfRRVLISLHMDAdebt-marketlistingcommercial-paperprivately-placed-securitiesreliance-retailiifl-capitalhmdahyderabad-metropolitan-development-authoritydebt-securitiesstructured-productsSummary

NSE has admitted privately placed securities to dealings on the Debt Market Segment effective April 07, 2026, pursuant to Regulation 3.1.1 of the NSE Debt Market (Trading) Regulations. The listing covers commercial papers from Reliance Retail Ventures Limited and IIFL Capital Services Limited, as well as multiple structured pass-through (PT) debt securities from Hyderabad Metropolitan Development Authority (HMDA) across six tranches (STRPP A through F).

Key Points

  • Two commercial papers listed: Reliance Retail Ventures Limited (RRVL CP 15/06/26, ISIN: INE929O14EX0) and IIFL Capital Services Limited (ISL CP 05/04/27 Sr 55, ISIN: INE489L14793)
  • Six HMDA structured pass-through debt securities listed (STRPP A to F), all with 8.7% coupon rate, maturing between 2030 and 2035
  • All securities were allotted on April 06, 2026, and admitted to trading on April 07, 2026
  • RRVL commercial paper: 67,500 units at face value ₹5,00,000, issue price ₹4,93,750.5, redemption June 15, 2026
  • IIFL Capital commercial paper: 1,032 units at face value ₹5,00,000, issue price ₹4,59,660.5, redemption April 05, 2027
  • HMDA tranches: 19,288 units each at face value and paid-up value of ₹1,00,000, issued at par

Regulatory Changes

No new regulatory changes. This is a routine listing notification under Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.

Compliance Requirements

  • All members of NSE are notified of the new security codes as specified in the Annexure
  • Trading in these securities is permitted from April 07, 2026 onwards on the Debt Market Segment
  • Members must use the designated security codes for all dealings in these instruments

Important Dates

  • Allotment Date: April 06, 2026 (all securities)
  • Effective Trading Date: April 07, 2026
  • RRVL CP Redemption: June 15, 2026
  • IIFL Capital CP Redemption: April 05, 2027
  • HMDA STRPP A Redemption: March 15, 2030
  • HMDA STRPP B Redemption: March 14, 2031
  • HMDA STRPP C Redemption: March 15, 2032
  • HMDA STRPP D Redemption: March 15, 2033
  • HMDA STRPP E Redemption: March 15, 2034
  • HMDA STRPP F Redemption: March 15, 2035 (approximate)

Impact Assessment

This listing broadens debt market offerings on NSE with securities from a major retail conglomerate (Reliance Retail Ventures), a leading capital services firm (IIFL Capital Services), and a government development authority (HMDA). The HMDA tranches represent a significant structured offering across a 5-year staggered redemption schedule (2030–2035) with a steady 8.70% coupon, providing fixed-income investors with medium-to-long duration options. The commercial papers offer short-to-medium term instruments. Overall market impact is moderate, primarily relevant to institutional and fixed-income investors participating in the NSE debt segment.

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