BSE Lists New Securities Issued by HDFC Securities Limited

Strategic Insights -

HDFC Securities Limited, a prominent financial institution, has issued commercial papers through private placement, which are now listed and admitted to dealings on the BSE Debt segment. These securities, with varying quantities and credit ratings, mark a significant development in the company's financial endeavors. The listing of these new securities is expected to enhance liquidity and attract investors in the debt market.

Key Takeaways:

  • 4 different securities issued by HDFC Securities Limited have been listed and admitted to dealings on the BSE Debt segment.
  • The securities are commercial papers issued on private placement basis with varying quantities, ranging from 2000 to 5000 units.
  • Each security has a face value of Rs. 500,000 and will be traded in dematerialized form under specific ISIN numbers.
  • The securities have been assigned credit ratings of CARE A1+ and ICRA A1+.
  • HDFC Bank Ltd is the issuing and paying agent for the above-mentioned instruments.
  • Trading members may note that the securities will only be traded in standard denominations of Rs. 5 lakhs and multiples thereof.

Statistics:

  • Total number of securities issued: 4
  • Face value of each security: Rs. 500,000
  • Total face value of all securities: Rs. 2,000,000
  • Credit ratings: CARE A1+, ICRA A1+
  • Issuing and paying agent: HDFC Bank Ltd
  • Tick size for the securities: 1 paise

Sources:

  • BSE notice to Trading Members dated [no date mentioned] (Source: BSE)
  • Information provided by Hardik Bhuta, Assistant General Manager, BSE (Source: BSE)