What is the procedure to buy a new Commercial Paper (CP) issue???
The below link mentions some new Commercial Paper issuance on Nov 16th
Today, the CP Market was vibrant with Rs. 11,552 cr. in primary commercial paper issued. Highlights: Home fin companies aren’t issuing much – Piramal and CAPF issued a little. Other NBFCs issued over 4700 cr. with Bajaj Finance at 1900 cr. issued,...
If suppose I got a few lakhs of cash & wanted to buy Commercial paper of ‘BAJAJ FINANCE LIMITED’, How can I purchase this? Where can I see all the new CP offers for a particular day?
November 17, 2018, 12:58am
Commercial paper is usually sold to institutional investors. It isn’t really possible for retail investors. You can buy corporate bonds though, lot of them trade on the exchange.
Thanks for the reply. The problem with NSE listed bonds seems liquidity. Bcoz the highest traded bond has turnover of just 40 lacs. So getting buyers/sellers for a few lakhs will be a problem!!! Or am I missing anything???