NE NEWS SERVICE
MUMBAI, DECEMBER 12
The National Fertilizers Limited, Chennai Petrochemicals Corporation Limited and GIC Housing Finance Limited made an application on December 11 to list Commercial Paper at BSE for an Issue Size of Rs. 1,600 crore, Rs. 900 crore and Rs. 100 crore, respectively. Post process, the effective date of listing for the same at BSE is December 12, says a BSE statement.
BSE, Asia’s oldest exchange and now world’s fastest exchange with the speed of 6 microseconds had announced on November 26 the Framework for Listing of Commercial Paper, enabling the listing on BSE for commercial papers issued on or after November 27, 2019.
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%.
