14,000 cr. Commercial Paper Issued, Corporates Return, NBFC Yields Fall
Today (19 November 2018), nearly 14,400 cr. of Commercial Paper was issued. Of this we saw:
-
10,000 cr. from corporates, around 7.7% on average
-
3,500 cr. from NBFCs, at around 8.7%
-
Of the rest, around 245 from real estate players who now pay about 9.12%
Yields are falling, and there’s good activity on the corporate issuer front, but NBFCs are relatively small players today. We see no stress in CP redemptions so far.
Activity for Shriram Transport and Bajaj Finance are good at 8% yields for shorter term paper. HDB and HDFC managed to issue 9 month and 12 month paper at 9% or so. Activity at the longer end (closer to a year) seems to be returning.
This is data from FTrac which monitors all primary and secondary deal information. Meaning: If someone issues commercial paper, it’s reported there.
Deals Reported:
Date
Mat Date
Issuer Name
Sett Type
Trades
Issue Amt Cr.
Yield Range
Price Range
Price
Yield
Days to Maturity
19-11-2018
18-Dec-18
CHENNAI PETROLEUM CORPORATION LTD.
T+0
7
2,425.00
6.8500 - 6.9505
99.4508 - 99.4587
99.4519
6.937
29
19-11-2018
18-Feb-19
NTPC LIMITED
T+0
7
2,000.00
7.2800 - 7.2800
98.2173 - 98.2173
98.2173
7.28
91
19-11-2018
26-Nov-18
BHARAT PETROLEUM CORPORATION LTD.
T+0
3
1,200.00
6.7194 - 6.7194
99.8713 - 99.8713
99.8713
6.7194
7
19-11-2018
18-Jan-19
STEEL AUTHORITY OF INDIA LIMITED
T+0
1
1,000.00
7.3500 - 7.3500
98.8062 - 98.8062
98.8062
7.35
60
19-11-2018
20-Dec-18
SHRIRAM TRANSPORT FINANCE COMPANY LIMITED
T+0
1
950
7.9000 - 7.9000
99.3335 - 99.3335
99.3335
7.9
31
19-11-2018
18-Jan-19
RELIANCE RETAIL LIMITED
T+0
5
825
7.3500 - 7.3500
98.8062 - 98.8062
98.8062
7.35
60
19-11-2018
11-Dec-18
INDIAN OIL CORPORATION LIMITED
T+0
3
475
6.8000 - 6.8000
99.5918 - 99.5918
99.5918
6.8
22
19-11-2018
18-Feb-19
INDIABULLS CONSUMER FINANCE LIMITED
T+0
1
450
9.4500 - 9.4500
97.6982 - 97.6982
97.6982
9.45
91
19-11-2018
18-Feb-19
INDUS TOWERS LIMITED
T+0
1
400
7.6000 - 7.6000
98.1404 - 98.1404
98.1404
7.6
91
19-11-2018
15-Feb-19
HERO FINCORP LIMITED
T+0
1
400
8.1001 - 8.1001
98.0845 - 98.0845
98.0845
8.1001
88
19-11-2018
18-Feb-19
CHAMBAL FERTILIZERS AND CHEMICALS LIMITED
T+1
1
300
7.4998 - 7.4998
98.1843 - 98.1843
98.1843
7.4998
91
19-11-2018
18-Jan-19
SBI CARDS AND PAYMENT SERVICES PRIVATE LIMITED
T+0
2
275
7.7000 - 7.7000
98.7501 - 98.7501
98.7501
7.7
60
19-11-2018
18-Feb-19
BAJAJ FINANCE LIMITED
T+0
2
275
7.8502 - 7.8502
98.0804 - 98.0804
98.0804
7.8502
91
19-11-2018
12-Feb-19
CAPITAL FIRST LIMITED
T+0
1
250
9.4998 - 9.4998
97.8356 - 97.8356
97.8356
9.4998
85
19-11-2018
15-Feb-19
RASHTRIYA ISPAT NIGAM LIMITED
T+0
1
250
7.7000 - 7.7000
98.1774 - 98.1774
98.1774
7.7
88
19-11-2018
14-Feb-19
ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED
T+0
1
250
7.8000 - 7.8000
98.1748 - 98.1748
98.1748
7.8
87
19-11-2018
15-Feb-19
CAPITAL FIRST LIMITED
T+0
1
250
9.4999 - 9.4999
97.7609 - 97.7609
97.7609
9.4999
88
19-11-2018
14-Nov-19
HOUSING DEVELOPMENT FINANCE CORPORATION LTD
T+0
1
200
8.9700 - 8.9700
91.8720 - 91.8720
91.872
8.97
360
19-11-2018
18-Jan-19
TGS INVESTMENT AND TRADE PRIVATE LIMITED
T+0
2
200
8.3000 - 8.4500
98.6300 - 98.6540
98.642
8.375
60
19-11-2018
18-Jan-19
SURAKSHA REALTY LIMITED
T+0
1
195
8.7502 - 8.7502
98.5820 - 98.5820
98.582
8.7502
60
19-11-2018
18-Jan-19
TRAPTI TRADING AND INVESTMENTS PRIVATE LIMITED
T+0
2
175
8.3000 - 8.4500
98.6300 - 98.6540
98.6403
8.3857
60
19-11-2018
18-Jan-19
BHARAT ALUMINIUM COMPANY LIMITED
T+0
1
150
7.6998 - 7.6998
98.7501 - 98.7501
98.7501
7.6998
60
19-11-2018
16-Aug-19
HDB FINANCIAL SERVICES LIMITED
T+0
3
125
9.1800 - 9.1800
93.6411 - 93.6411
93.6411
9.18
270
19-11-2018
18-Feb-19
TVS CREDIT SERVICES LIMITED
T+0
1
100
9.3500 - 9.3500
97.7220 - 97.7220
97.722
9.35
91
19-11-2018
18-Jan-19
TATA HOUSING DEVELOPMENT COMPANY LIMITED
T+0
1
100
8.5800 - 8.5800
98.6092 - 98.6092
98.6092
8.58
60
19-11-2018
18-Jan-19
INDIABULLS CONSUMER FINANCE LIMITED
T+0
1
100
9.3000 - 9.3000
98.4943 - 98.4943
98.4943
9.3
60
19-11-2018
18-Jan-19
ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED
T+0
1
100
7.7000 - 7.7000
98.7501 - 98.7501
98.7501
7.7
60
19-11-2018
31-Jan-19
ALEMBIC PHARMACEUTICALS LIMITED
T+0
1
100
7.7400 - 7.7400
98.4756 - 98.4756
98.4756
7.74
73
19-11-2018
15-Feb-19
GUJARAT FLUOROCHEMICALS LIMITED
T+0
1
100
8.2498 - 8.2498
98.0498 - 98.0498
98.0498
8.2498
88
19-11-2018
28-Dec-18
HIMADRI SPECIALITY CHEMICAL LIMITED
T+0
1
70
7.9995 - 7.9995
99.1525 - 99.1525
99.1525
7.9995
39
19-11-2018
31-Dec-18
HT MEDIA LIMITED
T+0
1
60
7.2800 - 7.2800
99.1693 - 99.1693
99.1693
7.28
42
19-11-2018
28-Dec-18
OSWAL WOOLLEN MILLS LIMITED
T+0
1
60
8.2500 - 8.2500
99.1262 - 99.1262
99.1262
8.25
39
19-11-2018
18-Jan-19
NATIONAL COLLATERAL MANAGEMENT SERVICES LIMITED
T+0
1
50
8.6000 - 8.6000
98.6060 - 98.6060
98.606
8.6
60
19-11-2018
18-Feb-19
ADANI TRANSMISSION LIMITED
T+0
1
50
8.3000 - 8.3000
97.9726 - 97.9726
97.9726
8.3
91
19-11-2018
01-Feb-19
ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED
T+0
1
50
7.7500 - 7.7500
98.4531 - 98.4531
98.4531
7.75
74
19-11-2018
18-Jan-19
RSPL LIMITED
T+0
1
50
8.2300 - 8.2300
98.6652 - 98.6652
98.6652
8.23
60
19-11-2018
18-Jan-19
TURQUOISE INVESTMENTS AND FINANCE PRIVATE LIMITED
T+0
1
50
8.3000 - 8.3000
98.6540 - 98.6540
98.654
8.3
60
19-11-2018
18-Jan-19
HINDUJA LEYLAND FINANCE LIMITED
T+0
1
50
8.6000 - 8.6000
98.6060 - 98.6060
98.606
8.6
60
19-11-2018
18-Jan-19
SHAPOORJI PALLONJI FINANCE PRIVATE LIMITED
T+0
1
50
9.5000 - 9.5000
98.4624 - 98.4624
98.4624
9.5
60
19-11-2018
07-Feb-19
TGS INVESTMENT AND TRADE PRIVATE LIMITED
T+0
2
50
8.3000 - 8.3000
98.2133 - 98.2133
98.2133
8.3
80
19-11-2018
04-Feb-19
ALEMBIC PHARMACEUTICALS LIMITED
T+0
1
50
7.7500 - 7.7500
98.3914 - 98.3914
98.3914
7.75
77
19-11-2018
07-Feb-19
HERO CYCLES LIMITED
T+0
1
25
7.8000 - 7.8000
98.3191 - 98.3191
98.3191
7.8
80
19-11-2018
21-Jan-19
ADITYA BIRLA MONEY LIMITED
T+0
1
25
8.5500 - 8.5500
98.5457 - 98.5457
98.5457
8.55
63
19-11-2018
18-Jan-19
KOTAK COMMODITY SERVICES PRIVATE LIMITED
T+0
1
25
9.0001 - 9.0001
98.5421 - 98.5421
98.5421
9.0001
60
19-11-2018
15-Feb-19
ADANI CAPITAL PRIVATE LIMITED
T+0
1
25
9.1499 - 9.1499
97.8416 - 97.8416
97.8416
9.1499
88
19-11-2018
18-Feb-19
EDELWEISS COMMODITIES SERVICES LIMITED
T+0
1
25
9.9000 - 9.9000
97.5912 - 97.5912
97.5912
9.9
91
19-11-2018
19-Nov-19
MUTHOOT FINANCE LIMITED
T+0
75
5.25
9.2500 - 9.2500
91.5332 - 91.5332
91.5332
9.25
365
19-11-2018
26-Mar-19
KARVY STOCK BROKING LIMITED
T+0
1
2
9.4000 - 9.4000
96.8329 - 96.8329
96.8329
9.4
127
Total
14392.25
Tracking this only till the end of November.