SBI Cards & Payments Services Ltd lists its commercial paper on BSE for an issue size of Rs 400 crore

SBI Cards & Payments Services Limited made an application to list Commercial Paper at BSE for an Issue Size of Rs. 400 crore. Post process, the effective date of listing for the same at BSE is December 13, 2019.

Written by December 12, 2019 20:02

New Delhi: 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.

SBI cardTill date 8 issuers have done 11 issuances of Commercial Paper and have successfully raised Rs. 9,270 crores on BSE BONDS platform via issuance of commercial paper.

SBI Cards & Payments Services Limited made an application to list Commercial Paper at BSE for an Issue Size of Rs. 400 crore. Post process, the effective date of listing for the same at BSE is December 13, 2019.

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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%.