We have been posting on twitter on how the Commercial Paper Market is evolving. We’ll do a regular post for a while, until the crisis dies out. It’s already looking like it’s starting to get better.
On 15 Nov 2018, nearly 10,000 cr. was issued.
Commercial Paper Issued: 15 Nov 2018
Date | Mat Date | Issuer Name | Sett Type | Trades | Issue Amt Cr. | Yield Range | Price Range | WAP | WAY | Days to Maturity |
---|---|---|---|---|---|---|---|---|---|---|
15-11-2018 | 04-Feb-19 | NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT | T+0 | 2 | 2,500.00 | 7.5000 – 7.5000 | 98.3629 – 98.3629 | 98.3629 | 7.5 | 81 |
15-11-2018 | 13-Feb-19 | POWER GRID CORPORATION OF INDIA LIMITED | T+0 | 4 | 700 | 7.3900 – 7.3900 | 98.2104 – 98.2104 | 98.2104 | 7.39 | 90 |
15-11-2018 | 14-Jan-19 | INDUS TOWERS LIMITED | T+0 | 1 | 500 | 7.4600 – 7.4600 | 98.7886 – 98.7886 | 98.7886 | 7.46 | 60 |
15-11-2018 | 31-Jan-19 | BAJAJ FINANCE LIMITED | T+0 | 1 | 500 | 7.8500 – 7.8500 | 98.3710 – 98.3710 | 98.371 | 7.85 | 77 |
15-11-2018 | 12-Feb-19 | BAHADUR CHAND INVESTMENTS PRIVATE LIMITED | T+0 | 1 | 500 | 8.3000 – 8.3000 | 98.0163 – 98.0163 | 98.0163 | 8.3 | 89 |
15-11-2018 | 04-Feb-19 | RELIANCE JIO INFOCOMM LIMITED | T+0 | 3 | 450 | 7.4998 – 7.4998 | 98.3629 – 98.3629 | 98.3629 | 7.4998 | 81 |
15-11-2018 | 28-Nov-18 | INDIAN OIL CORPORATION LIMITED | T+0 | 2 | 400 | 6.8300 – 6.8300 | 99.7573 – 99.7573 | 99.7573 | 6.83 | 13 |
15-11-2018 | 14-Jan-19 | BAJAJ FINANCE LIMITED | T+0 | 1 | 400 | 7.8500 – 7.8500 | 98.7260 – 98.7260 | 98.726 | 7.85 | 60 |
15-11-2018 | 13-Feb-19 | MANAPPURAM FINANCE LIMITED | T+0 | 5 | 375 | 9.5400 – 9.5400 | 97.7017 – 97.7017 | 97.7017 | 9.54 | 90 |
15-11-2018 | 14-Feb-19 | INDIABULLS HOUSING FINANCE LIMITED | T+0 | 1 | 300 | 8.1000 – 8.1000 | 98.0205 – 98.0205 | 98.0205 | 8.1 | 91 |
15-11-2018 | 30-Nov-18 | PIRAMAL ENTERPRISES LIMITED | T+0 | 1 | 300 | 7.8000 – 7.8000 | 99.6805 – 99.6805 | 99.6805 | 7.8 | 15 |
15-11-2018 | 14-May-19 | CAN FIN HOMES LIMITED | T+0 | 3 | 275 | 8.7500 – 8.7500 | 95.8634 – 95.8634 | 95.8634 | 8.75 | 180 |
15-11-2018 | 13-Feb-19 | EDELWEISS COMMODITIES SERVICES LIMITED | T+0 | 1 | 250 | 10.0000 – 10.0000 | 97.5936 – 97.5936 | 97.5936 | 10 | 90 |
15-11-2018 | 14-Jan-19 | INDOSTAR CAPITAL FINANCE LIMITED | T+0 | 1 | 250 | 9.8897 – 9.8897 | 98.4003 – 98.4003 | 98.4003 | 9.8897 | 60 |
15-11-2018 | 14-Jan-19 | ADITYA BIRLA FINANCE LIMITED | T+0 | 1 | 200 | 8.1000 – 8.1000 | 98.6860 – 98.6860 | 98.686 | 8.1 | 60 |
15-11-2018 | 14-Jan-19 | CESC LIMITED | T+0 | 1 | 200 | 7.5501 – 7.5501 | 98.7741 – 98.7741 | 98.7741 | 7.5501 | 60 |
15-11-2018 | 20-Mar-19 | TATA MOTORS LIMITED | T+0 | 1 | 200 | 7.6501 – 7.6501 | 97.4470 – 97.4470 | 97.447 | 7.6501 | 125 |
15-11-2018 | 04-Jan-19 | GIC HOUSING FINANCE LIMITED | T+0 | 1 | 150 | 8.0800 – 8.0800 | 98.9053 – 98.9053 | 98.9053 | 8.08 | 50 |
15-11-2018 | 15-Jan-19 | KOTAK SECURITIES LTD | T+1 | 1 | 150 | 8.2499 – 8.2499 | 98.6620 – 98.6620 | 98.662 | 8.2499 | 61 |
15-11-2018 | 14-Jan-19 | TURQUOISE INVESTMENTS AND FINANCE PRIVATE LIMITED | T+0 | 1 | 150 | 8.5200 – 8.5200 | 98.6188 – 98.6188 | 98.6188 | 8.52 | 60 |
15-11-2018 | 13-Feb-19 | SHRIRAM CITY UNION FINANCE LIMITED | T+0 | 1 | 145 | 8.4500 – 8.4500 | 97.9590 – 97.9590 | 97.959 | 8.45 | 90 |
15-11-2018 | 12-Feb-19 | ARVIND LIMITED | T+0 | 1 | 100 | 8.2200 – 8.2200 | 98.0351 – 98.0351 | 98.0351 | 8.22 | 89 |
15-11-2018 | 11-Jan-19 | HINDUJA LEYLAND FINANCE LIMITED | T+0 | 1 | 100 | 9.1000 – 9.1000 | 98.5988 – 98.5988 | 98.5988 | 9.1 | 57 |
15-11-2018 | 14-Jan-19 | SURAKSHA REALTY LIMITED | T+0 | 1 | 100 | 8.7502 – 8.7502 | 98.5820 – 98.5820 | 98.582 | 8.7502 | 60 |
15-11-2018 | 31-Dec-18 | JK LAKSHMI CEMENT LIMITED | T+0 | 1 | 80 | 7.9500 – 7.9500 | 99.0080 – 99.0080 | 99.008 | 7.95 | 46 |
15-11-2018 | 26-Nov-18 | CHENNAI PETROLEUM CORPORATION LTD. | T+0 | 1 | 75 | 6.9495 – 6.9495 | 99.7910 – 99.7910 | 99.791 | 6.9495 | 11 |
15-11-2018 | 14-Aug-19 | KOTAK MAHINDRA INVESTMENTS LIMITED | T+0 | 2 | 75 | 9.1500 – 9.1500 | 93.6166 – 93.6166 | 93.6166 | 9.15 | 272 |
15-11-2018 | 14-Jan-19 | AXIS FINANCE LIMITED | T+0 | 1 | 50 | 8.0000 – 8.0000 | 98.7020 – 98.7020 | 98.702 | 8 | 60 |
15-11-2018 | 14-Jan-19 | BIRLA TMT HOLDINGS PRIVATE LIMITED | T+0 | 1 | 50 | 8.5200 – 8.5200 | 98.6188 – 98.6188 | 98.6188 | 8.52 | 60 |
15-11-2018 | 07-Feb-19 | ARVIND LIMITED | T+0 | 1 | 50 | 8.2000 – 8.2000 | 98.1478 – 98.1478 | 98.1478 | 8.2 | 84 |
15-11-2018 | 14-Feb-19 | KOTAK SECURITIES LTD | T+1 | 1 | 50 | 8.3100 – 8.3100 | 97.9921 – 97.9921 | 97.9921 | 8.31 | 91 |
15-11-2018 | 25-Jan-19 | TORRENT POWER LIMITED | T+0 | 1 | 50 | 8.1000 – 8.1000 | 98.4488 – 98.4488 | 98.4488 | 8.1 | 71 |
15-11-2018 | 14-Feb-19 | CAPITAL FIRST LIMITED | T+0 | 1 | 50 | 9.3202 – 9.3202 | 97.7291 – 97.7291 | 97.7291 | 9.3202 | 91 |
15-11-2018 | 28-Dec-18 | SUTLEJ TEXTILES AND INDUSTRIES LTD | T+0 | 1 | 50 | 7.5897 – 7.5897 | 99.1138 – 99.1138 | 99.1138 | 7.5897 | 43 |
15-11-2018 | 13-Feb-19 | GODREJ PROPERTIES LIMITED | T+0 | 1 | 50 | 8.1002 – 8.1002 | 98.0418 – 98.0418 | 98.0418 | 8.1002 | 90 |
15-11-2018 | 11-Feb-19 | GODREJ PROPERTIES LIMITED | T+0 | 1 | 50 | 8.1001 – 8.1001 | 98.0845 – 98.0845 | 98.0845 | 8.1001 | 88 |
15-11-2018 | 31-Dec-18 | KOTAK COMMODITY SERVICES PRIVATE LIMITED | T+0 | 1 | 25 | 8.8002 – 8.8002 | 98.9031 – 98.9031 | 98.9031 | 8.8002 | 46 |
15-11-2018 | 30-Jan-19 | EDELWEISS COMMODITIES SERVICES LIMITED | T+0 | 1 | 25 | 10.0000 – 10.0000 | 97.9603 – 97.9603 | 97.9603 | 10 | 76 |
15-11-2018 | 13-Feb-19 | S. D. CORPORATION PRIVATE LIMITED | T+0 | 1 | 25 | 10.7500 – 10.7500 | 97.4178 – 97.4178 | 97.4178 | 10.75 | 90 |
15-11-2018 | 25-Mar-19 | LUMAX AUTO TECHNOLOGIES LIMITED | T+0 | 1 | 20 | 8.4000 – 8.4000 | 97.0951 – 97.0951 | 97.0951 | 8.4 | 130 |
15-11-2018 | 11-Jan-19 | NATIONAL ENGINEERING INDUSTRIES LIMITED | T+0 | 1 | 10 | 8.5000 – 8.5000 | 98.6900 – 98.6900 | 98.69 | 8.5 | 57 |
15-11-2018 | 13-Feb-19 | GLOBE FINCAP LIMITED | T+0 | 1 | 5 | 9.4501 – 9.4501 | 97.7229 – 97.7229 | 97.7229 | 9.4501 | 90 |
Total | 9985 |
Highlights:
- Housing fin cos like Canfin and Indiabulls were able to issue 90 to 180 day paper at 8.1% to 8.8%, but small amounts
- Most other NBFCs are able to raise at 8% for less than 90 days – Manappuram is higher but it has always been higher.
- Some like Edelweiss and CAPF are paying 9% to 10% which is higher than usual.
Market’s active. Yields are high, but there is activity. More to come.