Description
Trading suspension for PFC bonds due to redemption with record dates September 1-2, 2025.
Summary
BSE has suspended trading in two bond series of Power Finance Corporation Ltd (PFC) due to upcoming redemptions. The suspension affects bonds with record dates of September 1 and September 2, 2025.
Key Points
- Two PFC bond series subject to trading suspension
- Suspension effective from respective record dates
- Action taken due to bond redemption schedule
- Trading members advised to cease dealing in specified bonds
Regulatory Changes
No regulatory framework changes - standard procedure for bond redemptions.
Compliance Requirements
- Trading members must not deal in the specified PFC bonds from the no-dealings dates
- Compliance with redemption record date requirements
- Adherence to BSE trading suspension directive
Important Dates
- September 1, 2025: Record date and no-dealings start for PFCL-6.50%-17-9-25-PVT (INE134E08LD7)
- September 2, 2025: Record date and no-dealings start for PFC-8.40%-141B-18-9-25-PVT (INE134E08HX3)
Impact Assessment
Limited impact on overall debt market as suspension is temporary and specific to redemption process. Bondholders should prepare for redemption procedures. No impact on PFC’s equity shares or other debt instruments.
Impact Justification
Temporary trading suspension for specific bond series affects debt market liquidity but limited to redemption period