Commercial Papers
NLF Consultancy arranges and manages Commercial Paper (CP) programmes for Indian corporates seeking short-term debt financing at competitive market rates. Commercial Papers are unsecured, short-term debt instruments issued in the money market, typically with maturities ranging from 7 days to 1 year.
CPs are a cost-effective alternative to short-term bank financing for creditworthy corporates — offering flexibility in issuance size, tenor, and pricing. The CP market in India is regulated by the Reserve Bank of India (RBI) and requires the instrument to be rated by a recognised credit rating agency.
NLF's DCM team has relationships with the key institutional investors in the CP market — mutual funds, banks, insurance companies, and corporate treasuries — enabling efficient placement at competitive rates.
Regulatory Note: This is a SEBI-regulated activity. NLF Consultancy Services Pvt. Ltd. is registered as a Category I Merchant Banker (Reg. No. INM000013439).
What We Offer
CP Programme Setup
Setting up a CP programme — documentation, rating, IPA appointment, and regulatory compliance.
CP Placement
Placing CPs with mutual funds, banks, insurance companies, and institutional investors at competitive rates.
Rating Coordination
Coordinating with SEBI-registered credit rating agencies for the required CP credit rating.
IPA & Settlement
Coordinating with the Issuing and Paying Agent (IPA) and CCIL for issuance and settlement.
Rollover Management
Managing CP rollovers and maintaining continuity of the programme aligned to the issuer's working capital cycle.
Pricing Advisory
Advising on market-competitive pricing based on current money market rates and investor demand.
Our Process
Eligibility Assessment
We assess eligibility under RBI's CP guidelines — minimum net worth, credit rating, and working capital requirements.
Documentation
We prepare the Information Document and all required documentation for the CP programme.
Rating Coordination
We facilitate the credit rating process with rating agencies and advise on the rating presentation.
Investor Placement
We place the CP with appropriate institutional investors at market-competitive rates on the intended issuance date.
Settlement & Reporting
We coordinate with the IPA for settlement on the RBI's CCIL platform and provide post-issuance reporting.
Ready to discuss your Commercial Paper requirements?
Our team responds within 1–2 business days.