Description

Trading suspended in SOUTH INDIAN BANK LTD. bonds (SIBL-10.25%-31-10-25-PVT) from October 16, 2025 due to redemption and interest payment with record date set for October 16, 2025.

Summary

BSE has announced the suspension of trading in bonds of South Indian Bank Ltd. effective October 16, 2025. The suspension is due to the company fixing a record date for redemption of bonds and payment of interest. Trading members are advised not to deal in the specified bonds from the suspension date.

Key Points

  • Bond series affected: SIBL-10.25%-31-10-25-PVT (ISIN: INE683A08028, Code: 952810)
  • Record date set for October 16, 2025
  • Purpose: Redemption of bonds and payment of interest
  • No dealings permitted from October 16, 2025
  • Notice number: DR-737/2025-2026

Regulatory Changes

No regulatory changes introduced. This is a standard suspension notice for bond redemption and interest payment processing.

Compliance Requirements

  • Trading members must not deal in the specified bonds from October 16, 2025
  • Trading members should note the suspension and inform their clients accordingly
  • All market participants must comply with the no-dealings directive

Important Dates

  • October 13, 2025: Circular issuance date
  • October 16, 2025: Record date for redemption and interest payment
  • October 16, 2025: Trading suspension effective date
  • October 31, 2025: Expected maturity date (based on bond nomenclature)

Impact Assessment

Market Impact: Limited to holders of this specific bond series. The suspension is procedural and temporary, related to the bond’s maturity process.

Operational Impact: Trading members must update their systems to block trading in the affected bond. Investors holding these bonds will receive redemption proceeds and interest as per the terms.

Investor Impact: Bondholders as of the record date (October 16, 2025) will be eligible for interest payment and redemption. No secondary market trading available from suspension date until settlement completion.

Impact Justification

Bond trading suspension affects specific debt security holders but limited to single bond series with near-term maturity