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NFL, CPCL and GIC Housing Fin. Ltd. list its commercial paper on BSE

Dec 11th, 2019 8:25 pm | By | Category: LATEST NEWS

Mumbai: December 11, 2019: BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds on November 26, 2019 announced the Framework for Listing of Commercial Paper, enabling the listing on BSE for commercial papers issued on or after November 27, 2019. The same is in reference to SEBI Circular SEBI/HO/DDHS/DDHS/CIR/P/2019/115 dated October 22, 2019.

On December 11, 2019, National Fertilizers Limited, Chennai Petrochemicals Corporation Limited and GIC Housing Finance Limited made an application to list Commercial Paper at BSE for an Issue Size of Rs. 1600 crores, Rs. 900 crores and Rs. 100 crores respectively. Post process, the effective date of listing for the same at BSE is December 12, 2019.

BSE is steering its efforts to help India Inc in raising funds. BSE Bond platform was launched in July 2016 and garnered fund raising of Rs. 9,18,362 ($129 billion) crore since inception. In this financial year 2019-20 (till December 10, 2019), BSE has successfully raised Rs. 2,11,880 ($29.84 billion) crore with market share of around 60%.

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