Millennium Post

NTPC to list commercial paper on BSE for an issue size of `1,500 crore

New Delhi: The BSE on Friday said state-owned NTPC has made an application to list commercial papers on the stock exchange for an issue size of Rs 1,500 crore.

After the process, the effective date of listing of such papers at the exchange will be December 2, the BSE said in a statement.

On Thursday, non-banking financial company Aditya Birla Finance Ltd (ABFL) became the first company to list CP on the two exchanges BSE and NSE.

The move came after the exchanges came out with a framework for listing of CPs in a bid to broaden investors' participation in such securities.

CP is an unsecured money market instrument issued in the form of promissory notes that enable highly rated corporate borrowers to diversify their sources of short-term borrowings and provides an additional instrument to investors.

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