BSENexus Select TrustMediumNeutral
Announced Fri, 9 May · 18:43 IST

Nexus Select Trust has informed the Exchange regarding Disclosure of material issue

Credit & Debt View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Nexus Select Trust has fully redeemed Commercial Papers (Series II (B) Tranche A, Series II (A) Tranche B, and Series I (A)) aggregating to INR 3,500 million on May 9, 2025. The redemption was made 3 days ahead of the scheduled maturity date of May 12, 2025, as the latter fell on a bank holiday. The ISIN INE0NDH14056 was fully redeemed with 7,000 CPs repaid, and the outstanding amount stands at NIL.

Likely market impact

This is a routine maturity redemption with no impact on shareholders or stock price. The Trust has successfully met its short-term debt obligation on time, leaving no outstanding balance under this issuance, which reflects healthy debt servicing.