• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

India’s 1st Mortgage-Backed Pass-Through Certificates Listed On NSE

OMMCOM NEWS by OMMCOM NEWS
May 5, 2025
in Business

Mumbai: In a major development for India’s housing finance and debt markets, the country’s first mortgage-backed Pass-Through Certificates (PTCs) were officially listed on the National Stock Exchange (NSE) on Monday.

These PTCs have been structured by RMBS Development Company Limited and are backed by a pool of housing loans originated by LIC Housing Finance Limited.

The issue size stood at Rs 1,000 crore, comprising 1,00,000 PTCs with a face value of Rs 1,00,000 each. The offering was fully subscribed, reflecting strong investor interest.

This landmark issuance is also the first of its kind in India, where the coupon rate was discovered through the Electronic Book Provider (EBP) platform of the NSE.

The final coupon was set at 7.26 per cent per annum, and the instruments have a tenure of nearly 20 years.

The PTCs carry a top-tier AAA(SO) rating from both CRISIL and CARE Ratings, and are issued in dematerialised form, making them tradable on the secondary market.

The listing was carried out by M. Nagaraju, Secretary, Department of Financial Services, Ministry of Finance, who marked the occasion by ringing the ceremonial bell.

In his remarks at the event, Nagaraju highlighted the crucial role of the housing and housing finance sectors in the broader economic landscape.

He noted that housing has deep linkages with other industries, including infrastructure, and emphasised the urgent need to meet the country’s growing housing demand to support overall economic growth.

He further added that securitisation, through instruments like these PTCs, can serve as a bridge between the housing finance market and the broader debt market.

Stressing the importance of Residential Mortgage-Backed Securities (RMBS), Nagaraju said such instruments could be a game-changer for boosting liquidity and supporting the growth of the housing finance ecosystem in India.

The listing ceremony was attended by several top officials from banks, housing finance companies, and other financial institutions, marking a significant step toward deepening the securitisation market and broadening investment opportunities in the country.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

South Korea: Ex-PM Han Proposes Meeting With Presidential Candidate Kim

Next Post

South Korea’s Democratic Party Urges Court To Postpone Presidential Candidate Lee’s Remanded Trial

Related Posts

FM Sitharaman
Business

FM Sitharaman Tells CBIC To Simplify GST Registration Further, Crackdown On Tax Evasion

June 20, 2025
CBDT Extends
Business

CBDT Scanner On Swiss Accounts Leading To Higher Tax Declarations In Revised Itrs

June 20, 2025
Cement And Steel Production
Business

Eight Core Industries Record 0.7 Pc Growth In May, Cement And Steel Production Up

June 20, 2025
India’s Rice Exporters
Business

India’s Rice Exporters Hit By Israel-Iran Conflict, Shipments To Iran Halted

June 20, 2025
Sensex
Business

Sensex Surges Over 1,000 Points As Geopolitical Worries Ease

June 20, 2025
Highways Harsh Malhotra
Business

Not Only Concrete And Steel, But Foundation Of Economic Growth: Union Minister On Building 10,000 Km Highways In NE

June 20, 2025
Next Post

South Korea's Democratic Party Urges Court To Postpone Presidential Candidate Lee's Remanded Trial

Manipur Governor Reviews Ongoing National Highway Projects

Calcutta High Court

Refrain From Demolishing Rooftop Eateries In Kolkata Till Further Orders: Calcutta HC

Khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.