Description
Trading suspended in SOUTH INDIAN BANK LTD bonds from August 28, 2025 due to redemption on exercise of call option.
Summary
BSE has suspended trading in bonds of South Indian Bank Ltd (Code: SIBL-9.50%-28-5-28-PVT, ISIN: INE683A08036) effective August 28, 2025, due to the bank’s exercise of call option for redemption.
Key Points
- Trading Members advised not to deal in specified South Indian Bank bonds
- Bond Code: SIBL-9.50%-28-5-28-PVT (957189)
- ISIN: INE683A08036
- Suspension effective from August 28, 2025
- Reason: Redemption on exercise of call option
Regulatory Changes
No new regulatory framework changes - standard procedure for bond redemption.
Compliance Requirements
- Trading Members must cease all dealings in the specified bonds
- Record date compliance required for redemption process
- No new trades to be executed from suspension date
Important Dates
- Record Date: August 28, 2025
- No Dealings From: August 28, 2025
- Notice Date: August 22, 2025
Impact Assessment
Limited impact as suspension is specific to one bond series of South Indian Bank. Bond holders will receive redemption proceeds as per call option exercise. No impact on equity trading or other debt instruments of the bank.
Impact Justification
Trading suspension affects bond holders but limited to specific debt instrument with clear timeline