Description

Trading suspended in SOUTH INDIAN BANK LTD bonds (INE683A08028) from October 16, 2025 due to bond redemption and interest payment with record date set for the same day.

Summary

BSE has announced the suspension of trading in bonds of South Indian Bank Ltd. (ISIN: INE683A08028, Code: 952810) effective October 16, 2025. The suspension is due to the company fixing a record date for bond redemption and interest payment. Trading Members are advised not to deal in these bonds from the specified date.

Key Points

  • Company: South Indian Bank Ltd.
  • Bond ISIN: INE683A08028 (SIBL-10.25%-31-10-25-PVT)
  • BSE Code: 952810
  • Record Date: October 16, 2025
  • No Dealings From: October 16, 2025
  • Purpose: Redemption of Bonds and Payment of Interest
  • Notice Number: DR-737/2025-2026
  • Coupon Rate: 10.25%
  • Maturity Date: October 31, 2025

Regulatory Changes

No regulatory changes. This is a standard corporate action notification for bond redemption.

Compliance Requirements

  • Trading Members must cease all trading activities in the specified bonds from October 16, 2025
  • No new trades should be executed in ISIN INE683A08028 (Code: 952810)
  • Trading Members must take note of the suspension and inform their clients accordingly

Important Dates

  • October 13, 2025: Notice issued by BSE
  • October 16, 2025: Record Date for redemption and interest payment; Trading suspension begins
  • October 31, 2025: Bond maturity date (as per bond name)

Impact Assessment

Market Impact: Low to Medium - The suspension affects only a specific bond series of South Indian Bank. Bondholders will receive their redemption proceeds and final interest payment based on the record date.

Operational Impact: Medium - Trading Members holding positions or facilitating trades in this bond must ensure no new transactions occur from October 16, 2025. Bondholders on record as of October 16, 2025 will be eligible for redemption proceeds and interest payment.

Investor Impact: This is a scheduled redemption with proper notice. Investors holding these bonds will receive their principal and final interest payment. No adverse impact expected as this is a normal maturity process.

Impact Justification

Bond trading suspension impacts debt market participants holding or trading this specific ISIN. Limited to single bond series affecting bondholders expecting redemption and interest payment.