Nexus Select Trust allots INR 100 Cr commercial papers at 6.80%
Nexus Select Trust has allotted 2,000 units of commercial papers worth INR 100 Crores at a discount rate of 6.80% to strengthen its financial resources. The papers, with a face value of INR 5,00,000 each, have a tenure of 91 days and mature on September 24, 2026. The allotment was approved by the Borrowings Committee of Nexus Select Mall Management Private Limited.
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Nexus Select Trust has allotted 2,000 units of commercial papers worth an aggregate principal amount of INR 100 Crores to strengthen its financial resources. The Borrowings Committee of Nexus Select Mall Management Private Limited, acting as the Manager to the Trust, approved the allotment on Thursday, June 25, 2026. The issuance was conducted on a private placement basis, targeting eligible investors with the papers listed on the wholesale debt market segment of BSE Limited.
The commercial papers are listed, rated, redeemable, and rupee denominated, issued in dematerialised form. They carry a discount rate of 6.80% and have a tenure of 91 days from the date of allotment, maturing on September 24, 2026. The face value of each unit is INR 5,00,000.
Key Details of the Issuance
The allotment details specify the instrument type, aggregate amount, and maturity structure. The commercial papers are structured to ensure liquidity and attractiveness to potential investors.
| Parameter | Details |
|---|---|
| Instrument | Commercial Papers |
| Aggregate Amount | INR 100 Crores |
| Units Allotted | 2,000 |
| Face Value per Unit | INR 5,00,000 |
| Date of Allotment | June 25, 2026 |
| Date of Maturity | September 24, 2026 |
| Tenure | 91 days |
| Discount Rate | 6.80% |
| Listing | BSE Wholesale Debt Market Segment |
Vijay Kumar Gupta, General Counsel, CS and Compliance Officer, signed the regulatory disclosure confirming the outcome of the resolution passed by circulation.
Historical Stock Returns for Nexus Select Trust REIT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.01% | +0.29% | +6.63% | +1.36% | +13.43% | +58.12% |
How will the proceeds from this INR 100 Crore issuance be specifically allocated within Nexus Select Trust's portfolio?
Does the 6.80% discount rate indicate a favorable cost of capital for the company compared to current market trends?
Is Nexus Select Trust planning to refinance these commercial papers upon maturity in September 2026?
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