Tracking CP 15 Nov 2018: Nearly 10,000 cr. Issued Today

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.

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