Leading stock exchange BSE announced that SBI Cards and Payments Services has 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.
Framework for Listing of Commercial Paper, enabling the listing on BSE for commercial papers issued on or after November 27, 2019.
Till 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.
BSE is steering its efforts to help India Inc in raising funds. BSE Bond platform was launched in July 2016 and garnered fundraising 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 a market share of around 60 per cent.