We are definitely seeing a revival of the CP market. Around 24,000 cr. was issued today (primary, from issuers). Most of this went to corporates again. Highlights:
- 12,000 cr. to corporates at sub 8%
- 5800 cr. to housing finance companies, with HDFC getting a close to one year issue under 9%
- NBFCs were able to raise 1700 cr. including Piramal, JM, Tata Capital, Edelweiss and Axis Finance
People keep asking about DHFL but it has stated it won’t raise in the CP market and hasn’t been around there. Some of the other housing fin players like Canfin and Indiabulls were absent today, though they have been around in previous days.
In total, in the last three days, nearly 60,000 cr. has been raised in the CP market. This is a near return to the volumes of August or so, when we would issues of around 100,000 cr. per week. Here’s the yield curve.
The List of Commercial Paper Issued Today
&
| Date | Mat Date | Issuer Name | Sett Type | Trades | Issue Amt Cr. | Yield Range | Price Range | Price | Yield | Days to Maturity |
|---|---|---|---|---|---|---|---|---|---|---|
| 20-11-2018 | 29-Jan-19 | BAMNIPAL STEEL LIMITED | T+0 | 4 | 4,000.00 | 8.0500 – 8.0500 | 98.4796 – 98.4796 | 98.4796 | 8.05 | 70 |
| 20-11-2018 | 14-Nov-19 | HOUSING DEVELOPMENT FINANCE CORPORATION LTD | T+0 | 18 | 2,200.00 | 8.9700 – 8.9700 | 91.8927 – 91.8927 | 91.8927 | 8.97 | 359 |
| 20-11-2018 | 31-Jan-19 | NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT | T+0 | 6 | 2,100.00 | 7.3000 – 7.3000 | 98.5804 – 98.5804 | 98.5804 | 7.3 | 72 |
| 20-11-2018 | 05-Feb-19 | NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT | T+0 | 4 | 2,000.00 | 7.3000 – 7.3000 | 98.4834 – 98.4834 | 98.4834 | 7.3 | 77 |
| 20-11-2018 | 20-May-19 | HOUSING DEVELOPMENT FINANCE CORPORATION LTD | T+0 | 15 | 1,975.00 | 8.7000 – 8.7000 | 95.8642 – 95.8642 | 95.8642 | 8.7 | 181 |
| 20-11-2018 | 15-May-19 | HOUSING DEVELOPMENT FINANCE CORPORATION LTD | T+0 | 3 | 1,500.00 | 8.6800 – 8.6800 | 95.9827 – 95.9827 | 95.9827 | 8.68 | 176 |
| 20-11-2018 | 27-Nov-18 | BHARAT PETROLEUM CORPORATION LTD. | T+0 | 1 | 1,100.00 | 6.6985 – 6.6985 | 99.8717 – 99.8717 | 99.8717 | 6.6985 | 7 |
| 20-11-2018 | 18-Jan-19 | CENTURY TEXTILES AND INDUSTRIES LIMITED | T+0 | 4 | 650 | 7.4800 – 7.4800 | 98.8053 – 98.8053 | 98.8053 | 7.48 | 59 |
| 20-11-2018 | 15-Feb-19 | THE TATA POWER COMPANY LIMITED | T+0 | 2 | 600 | 7.6401 – 7.6401 | 98.2115 – 98.2115 | 98.2115 | 7.6401 | 87 |
| 20-11-2018 | 18-Jan-19 | SUN PHARMACEUTICAL INDUSTRIES LTD. | T+0 | 1 | 500 | 7.2000 – 7.2000 | 98.8496 – 98.8496 | 98.8496 | 7.2 | 59 |
| 20-11-2018 | 31-Jan-19 | ULTRATECH CEMENT LIMITED | T+0 | 1 | 500 | 7.3200 – 7.3200 | 98.5766 – 98.5766 | 98.5766 | 7.32 | 72 |
| 20-11-2018 | 25-Jan-19 | PIRAMAL ENTERPRISES LIMITED | T+0 | 1 | 500 | 8.3000 – 8.3000 | 98.5214 – 98.5214 | 98.5214 | 8.3 | 66 |
| 20-11-2018 | 15-Feb-19 | VEDANTA LIMITED | T+0 | 1 | 475 | 7.6501 – 7.6501 | 98.2092 – 98.2092 | 98.2092 | 7.6501 | 87 |
| 20-11-2018 | 18-Feb-19 | VEDANTA LIMITED | T+0 | 2 | 435 | 7.6501 – 7.6501 | 98.1486 – 98.1486 | 98.1486 | 7.6501 | 90 |
| 20-11-2018 | 10-Apr-19 | JSW STEEL LIMITED | T+0 | 2 | 375 | 9.0500 – 9.0500 | 96.6221 – 96.6221 | 96.6221 | 9.05 | 141 |
| 20-11-2018 | 21-Dec-18 | ULTRATECH CEMENT LIMITED | T+0 | 1 | 350 | 6.9200 – 6.9200 | 99.4157 – 99.4157 | 99.4157 | 6.92 | 31 |
| 20-11-2018 | 15-Apr-19 | JSW STEEL LIMITED | T+0 | 1 | 300 | 9.0500 – 9.0500 | 96.5065 – 96.5065 | 96.5065 | 9.05 | 146 |
| 20-11-2018 | 08-Feb-19 | AXIS FINANCE LIMITED | T+0 | 2 | 300 | 7.8500 – 7.8500 | 98.3086 – 98.3086 | 98.3086 | 7.85 | 80 |
| 20-11-2018 | 18-Jan-19 | VIACOM 18 MEDIA PRIVATE LIMITED | T+0 | 1 | 250 | 7.4499 – 7.4499 | 98.8101 – 98.8101 | 98.8101 | 7.4499 | 59 |
| 20-11-2018 | 18-Jan-19 | KEC INTERNATIONAL LIMITED | T+0 | 1 | 250 | 8.2800 – 8.2800 | 98.6793 – 98.6793 | 98.6793 | 8.28 | 59 |
| 20-11-2018 | 18-Feb-19 | ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED | T+0 | 1 | 250 | 7.8000 – 7.8000 | 98.1130 – 98.1130 | 98.113 | 7.8 | 90 |
| 20-11-2018 | 18-Jan-19 | SUNDARAM FINANCE LIMITED | T+0 | 2 | 200 | 7.6800 – 7.6800 | 98.7738 – 98.7738 | 98.7738 | 7.68 | 59 |
| 20-11-2018 | 18-Jan-19 | BASF INDIA LIMITED | T+0 | 1 | 200 | 7.3800 – 7.3800 | 98.8211 – 98.8211 | 98.8211 | 7.38 | 59 |
| 20-11-2018 | 15-Feb-19 | TATA PROJECTS LIMITED | T+0 | 1 | 200 | 8.1802 – 8.1802 | 98.0875 – 98.0875 | 98.0875 | 8.1802 | 87 |
| 20-11-2018 | 13-Feb-19 | TATA MOTORS LIMITED | T+0 | 1 | 200 | 7.4698 – 7.4698 | 98.2902 – 98.2902 | 98.2902 | 7.4698 | 85 |
| 20-11-2018 | 17-Dec-18 | HT MEDIA LIMITED | T+0 | 1 | 150 | 7.2000 – 7.2000 | 99.4702 – 99.4702 | 99.4702 | 7.2 | 27 |
| 20-11-2018 | 18-Jan-19 | BARCLAYS INVESTMENTS AND LOANS (INDIA) PRIVATE LIMITED | T+0 | 1 | 150 | 7.9500 – 7.9500 | 98.7312 – 98.7312 | 98.7312 | 7.95 | 59 |
| 20-11-2018 | 15-Feb-19 | MAITHON POWER LIMITED | T+0 | 1 | 150 | 7.8399 – 7.8399 | 98.1656 – 98.1656 | 98.1656 | 7.8399 | 87 |
| 20-11-2018 | 18-Jan-19 | NETWORK18 MEDIA AND INVESTMENTS LTD. | T+0 | 3 | 150 | 7.4499 – 7.4499 | 98.8101 – 98.8101 | 98.8101 | 7.4499 | 59 |
| 20-11-2018 | 18-Feb-19 | WELSPUN CORP LIMITED | T+0 | 1 | 125 | 8.2500 – 8.2500 | 98.0063 – 98.0063 | 98.0063 | 8.25 | 90 |
| 20-11-2018 | 19-Feb-19 | JSW STEEL LIMITED | T+0 | 1 | 125 | 7.6300 – 7.6300 | 98.1332 – 98.1332 | 98.1332 | 7.63 | 91 |
| 20-11-2018 | 28-Dec-18 | CHAMBAL FERTILISERS AND CHEMICALS LIMITED | T+1 | 1 | 100 | 7.1997 – 7.1997 | 99.2949 – 99.2949 | 99.2949 | 7.1997 | 38 |
| 20-11-2018 | 16-Aug-19 | HDFC CREDILA FINANCIAL SERVICES PRIVATE LIMITED | T+0 | 2 | 100 | 9.3400 – 9.3400 | 93.5599 – 93.5599 | 93.5599 | 9.34 | 269 |
| 20-11-2018 | 20-May-19 | TATA CAPITAL FINANCIAL SERVICES LIMITED | T+0 | 2 | 100 | 9.0400 – 9.0400 | 95.7095 – 95.7095 | 95.7095 | 9.04 | 181 |
| 20-11-2018 | 20-May-19 | SUNDARAM BNP PARIBAS HOME FINANCE LIMITED | T+0 | 1 | 100 | 8.8100 – 8.8100 | 95.8141 – 95.8141 | 95.8141 | 8.81 | 181 |
| 20-11-2018 | 15-Feb-19 | TVS CREDIT SERVICES LIMITED | T+0 | 2 | 100 | 9.3498 – 9.3498 | 97.8200 – 97.8200 | 97.82 | 9.3498 | 87 |
| 20-11-2018 | 15-Feb-19 | EDELWEISS COMMODITIES SERVICES LIMITED | T+0 | 1 | 75 | 9.8500 – 9.8500 | 97.7060 – 97.7060 | 97.706 | 9.85 | 87 |
| 20-11-2018 | 27-Dec-18 | WELSPUN INDIA LIMITED | T+0 | 1 | 75 | 8.0000 – 8.0000 | 99.1956 – 99.1956 | 99.1956 | 8 | 37 |
| 20-11-2018 | 18-Jan-19 | THE BOMBAY BURMAH TRADING CORPORATION LIMITED | T+0 | 1 | 50 | 8.1997 – 8.1997 | 98.6919 – 98.6919 | 98.6919 | 8.1997 | 59 |
| 20-11-2018 | 18-Feb-19 | JM FINANCIAL CAPITAL LIMITED | T+0 | 1 | 50 | 10.0000 – 10.0000 | 97.5936 – 97.5936 | 97.5936 | 10 | 90 |
| 20-11-2018 | 31-Jan-19 | ALLCARGO LOGISTICS LIMITED | T+0 | 1 | 50 | 7.9000 – 7.9000 | 98.4656 – 98.4656 | 98.4656 | 7.9 | 72 |
| 20-11-2018 | 21-Jan-19 | PIRAMAL ENTERPRISES LIMITED | T+0 | 1 | 50 | 8.3000 – 8.3000 | 98.6097 – 98.6097 | 98.6097 | 8.3 | 62 |
| 20-11-2018 | 18-Feb-19 | DALMIA CEMENT (BHARAT) LIMITED | T+0 | 1 | 50 | 7.8000 – 7.8000 | 98.1130 – 98.1130 | 98.113 | 7.8 | 90 |
| 20-11-2018 | 29-Mar-19 | TVS MOTOR COMPANY LIMITED | T+0 | 1 | 50 | 7.9500 – 7.9500 | 97.2671 – 97.2671 | 97.2671 | 7.95 | 129 |
| 20-11-2018 | 24-Jan-19 | ADITYA BIRLA MONEY LIMITED | T+0 | 1 | 50 | 8.3000 – 8.3000 | 98.5434 – 98.5434 | 98.5434 | 8.3 | 65 |
| 20-11-2018 | 28-Dec-18 | GMMCO LIMITED | T+0 | 1 | 50 | 7.4200 – 7.4200 | 99.2334 – 99.2334 | 99.2334 | 7.42 | 38 |
| 20-11-2018 | 14-Jun-19 | SUNDARAM BNP PARIBAS HOME FINANCE LIMITED | T+0 | 1 | 50 | 8.8100 – 8.8100 | 95.2633 – 95.2633 | 95.2633 | 8.81 | 206 |
| 20-11-2018 | 18-Jan-19 | BLUE STAR LIMITED | T+0 | 1 | 50 | 7.4800 – 7.4800 | 98.8053 – 98.8053 | 98.8053 | 7.48 | 59 |
| 20-11-2018 | 18-Feb-19 | S. D. CORPORATION PRIVATE LIMITED | T+0 | 1 | 30 | 10.4500 – 10.4500 | 97.4880 – 97.4880 | 97.488 | 10.45 | 90 |
| 20-11-2018 | 25-Mar-19 | TRUST INVESTMENT ADVISORS PRIVATE LIMITED | T+0 | 2 | 11.00 | 8.9000 – 8.9000 | 97.0422 – 97.0422 | 97.0422 | 8.9 | 125 |
| 20-11-2018 | 14-Feb-19 | KOTAK COMMODITY SERVICES PRIVATE LIMITED | T+1 | 1 | 10 | 9.0000 – 9.0000 | 97.9708 – 97.9708 | 97.9708 | 9 | 86 |
| 20-11-2018 | 14-Nov-19 | KOTAK MAHINDRA INVESTMENTS LIMITED | T+0 | 2 | 10 | 9.2499 – 9.2499 | 91.6608 – 91.6608 | 91.6608 | 9.2499 | 359 |
| Total | 23471 |
We’ll track till the end of November.
