NSE India Announces Listing of New Debt Securities from LIC Housing Finance and IRFC

The National Stock Exchange of India (NSE) has issued a circular announcing the listing of new debt securities from two prominent financial institutions: LIC Housing Finance Limited and Indian Railway Finance Corporation Limited (IRFC).

Effective from July 18, 2024, these newly listed securities will be available for trading on the capital market segment of the NSE. The securities include:

• LIC Housing Finance Limited: 7.8650% 2026 Sr 443 bonds, maturing on August 20, 2026, with ISIN code INE115A07QT1.
• Indian Railway Finance Corporation Limited (IRFC): 7.39% 2034 Sr 180 bonds, maturing on July 15, 2034, with ISIN code INE053F08403.

The listing of these debt securities provides investors with an opportunity to diversify their portfolios and access fixed-income instruments from well-established entities. LIC Housing Finance is a major player in the Indian housing finance market, while IRFC is responsible for financing the acquisition of rolling stock assets and projects of the Indian Railways.

Investors can now trade these securities under the designated codes mentioned in the NSE circular, with the specified lot sizes.

Key Takeaways: