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

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Nexus Select Trust, through its Manager Nexus Select Mall Management Private Limited, has allotted 4,000 commercial paper (CP) units via private placement. Each unit has a face value of INR 5 Lakhs, taking the total issue size to INR 200 Crores. The CPs carry a discount rate of 7.47% and have a tenure of 90 days, maturing on May 07, 2026. The CPs are proposed to be listed on the wholesale debt market segment of BSE. This is a short-term borrowing move to raise working capital at a competitive rate.

Likely market impact

Short-term, low-tenure debt raise of INR 200 Crores at 7.47%; minor impact on shareholders as this is routine short-term commercial paper issuance and not an equity diluting event.