With this, a total seven companies have listed their commercial papers (CPs) on the BSE since the stock exchange came out with the framework for listing of such instruments late last month.Commercial paper is an unsecured money market instrument issued in the form of promissory notes that enables highly rated corporate borrowers to diversify their sources of short term borrowings and provides an additional instrument to investors.Such instruments can be issued for maturities between a minimum of 7 days and a maximum of one year from the date of issue. CPs are usually issued at a discount from face value and reflect prevailing market interest rates.Download a copySpecial Offer: Subscribe to Moneycontrol PRO’s annual plan for 1/ per day for the first year and claim exclusive benefits worth 20,000. Coupon code: PRO365First Published on Dec 12, 2019 03:05 pmtags BSE Market news National Fertilizers Petrochemicals CorporationLatest Updates : Coronavirus Outbreak shifts to Bharat in second tranche of measures to fight COVID 19Deal to sell cement business to Nirma has not fallen, says EmamiHere are three measures FM Sitharaman has announced for migrant workersPortfolio Markets Watchlist Live TV Show Currencies Commodities Fixed Income Personal Finance Mutual Fund Stock Market India IPO Global MarketStock Screener Budget 2020 BSE Sensex Forum News.
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