Nexus Select Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Nexus Select Trust's Borrowings Committee has approved the allotment of 4,000 listed, rated, redeemable commercial papers with a face value of INR 5 lakh each, totaling INR 2,000 million. The commercial papers carry a discount rate of 6.18% per annum and have a short tenure of 91 days, maturing on February 6, 2026. They were issued on a private placement basis in dematerialised form and will be listed on BSE's wholesale debt market segment. This issuance falls within the previously communicated overall CP limits of INR 1,000 million and INR 5,000 million.
This is a routine short-term debt raising exercise at a competitive rate (~6.18%), suggesting healthy access to debt markets for working capital needs. No equity dilution; minimal impact on unit price as the amount is small relative to the trust's size and the tenure is brief.