Description
BSE suspends trading in SBI perpetual bonds due to record date for interest payment and redemption effective August 25, 2025.
Summary
BSE has issued a trading suspension notice for State Bank of India perpetual bonds (ISIN: INE062A08249) effective August 25, 2025, due to the record date being fixed for interest payment and bond redemption.
Key Points
- Trading suspension applies to SBI perpetual bonds with code SBI-7.74-PERPETUAL-PVT
- ISIN number: INE062A08249 (Code: 959974)
- Record date: August 25, 2025
- No dealings permitted from August 25, 2025
- Purpose: Redemption of bonds and payment of interest
Regulatory Changes
No new regulatory changes introduced. Standard procedure for bond trading suspension before record date.
Compliance Requirements
- Trading members must not deal in the specified SBI bonds from August 25, 2025
- Trading members advised to take note of the suspension
- Compliance with record date procedures required
Important Dates
- Notice Date: August 18, 2025
- Record Date: August 25, 2025
- Trading Suspension Date: August 25, 2025
Impact Assessment
Limited impact as suspension affects only specific SBI perpetual bond series. Standard market practice for corporate actions involving record dates. Bondholders entitled to interest payment and redemption as per the fixed record date.
Impact Justification
Trading suspension affects specific SBI perpetual bonds but limited to single security type