Description
Trading suspended in SIBL bonds due to redemption on exercise of call option with record date August 28, 2025.
Summary
BSE has suspended trading in specific bonds of South Indian Bank Ltd (SIBL) effective August 28, 2025, due to the bank’s exercise of call option for redemption. The suspension applies to the 9.50% bonds maturing on May 28, 2028.
Key Points
- Trading suspension effective from August 28, 2025
- Applies to SIBL 9.50% bonds with ISIN INE683A08036
- Reason: Redemption on exercise of call option
- Record date set for August 28, 2025
- Trading members advised not to deal in these specific bonds
Regulatory Changes
No regulatory framework changes - standard procedure for bond redemption on call option exercise.
Compliance Requirements
- Trading members must cease dealing in the specified SIBL bonds from August 28, 2025
- Members required to take note of the suspension notice
- No transactions permitted in bonds with code 957189
Important Dates
- August 28, 2025: Record date for redemption
- August 28, 2025: Trading suspension effective date
- Notice Date: August 22, 2025
Impact Assessment
Limited market impact as suspension affects only specific SIBL bond series. Bondholders with record date positions eligible for redemption proceeds. Trading members must update systems to prevent transactions in suspended securities.
Impact Justification
Specific bond trading suspension affecting South Indian Bank securities with immediate effect