BSENexus Select TrustMediumNeutral
Announced Mon, 27 Apr · 16:44 IST
Nexus Select Trust allots commercial papers worth Rs 200 Cr
Fund Raising View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Nexus Select Trust's Manager approved allotment of 4,000 commercial paper units via private placement, aggregating Rs 200 Crores. Each unit has a face value of Rs 5,00,000. The CPs carry a discount rate of 6.37%, a tenure of 91 days, and mature on July 27, 2026. They will be listed on BSE's wholesale debt market segment.
Likely market impact
Short-term debt raise of Rs 200 Cr at 6.37% for 91 days; minimal impact on unit price as this is routine short-term funding.