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BSE Debt Segment Listings: Prayagraj Nagar Nigam Issues New Securities

Strategic Insights

— 1 min read

Mumbai Stock Exchange's BSE has informed its trading members that Prayagraj Nagar Nigam's new securities issued via private placement have been listed and admitted to dealings on the BSE Debt segment. The securities have an initial quantity of 1250 units each with a market lot of 1, listed under Scrip Codes 929023, 929024, 929025, and 929026. These securities have a face value of ₹100,000, a paid-up value of ₹100,000, and an issue price of ₹100,000. The interest rate is 8.07% p.a. with half-yearly interest payment and redemption dates of 02/05/2029, 02/05/2030, 02/05/2031, and 02/05/2032 respectively.

Key Takeaways:

  • Prayagraj Nagar Nigam has issued new securities with Scrip Codes 929023, 929024, 929025, and 929026 via private placement.
  • The securities have a face value of ₹100,000 and a paid-up value of ₹100,000, with each having 1250 units and a market lot of 1.
  • The interest rate for the securities is 8.07% p.a., with half-yearly interest payment and redemption dates on 02/05/2029, 02/05/2030, 02/05/2031, and 02/05/2032.
  • The securities will be traded in dematerialized form and have a tick size of 1 paise.
  • For further details, trading members can refer to the Placement Memorandum on BSE's website and contact the debt department if any clarification is required.

Statistics:

  • The initial market lot for the securities is 1250 units per Scrip Code, with a face value of ₹100,000 and paid-up value of ₹100,000 each.
  • The interest rate for the securities is 8.07% p.a. and will be paid half-yearly.
  • The redemption dates for the securities are 02/05/2029, 02/05/2030, 02/05/2031, and 02/05/2032.
  • The securities can only be traded in dematerialized form.
  • The tick size for the securities is 1 paise.

Sources:

  • BSE (Bombay Stock Exchange)
  • https://www.bseindia.com/markets/debt/memorandum_data.aspx
  • PRAYAGRAJ NAGAR NIGAM

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