Description
Trading suspended in PFCL bonds (ISIN: INE134E08LU1) from October 17, 2025 due to redemption with record date of October 18, 2025.
Summary
BSE has suspended trading in bonds of Power Finance Corporation Ltd (Code: 974340, ISIN: INE134E08LU1) effective from October 17, 2025. The suspension is due to the company fixing a record date of October 18, 2025 for redemption of its 7.59% bonds maturing on November 3, 2025. Trading members are advised not to deal in these bonds from the specified date.
Key Points
- Bond series affected: PFCL-7.59%-3-11-25-PVT
- ISIN: INE134E08LU1
- BSE Code: 974340
- No dealings permitted from October 17, 2025
- Record date for redemption: October 18, 2025
- Notice reference: DR-738/2025-2026
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action process for bond redemption.
Compliance Requirements
- Trading members must not execute any trades in the specified bonds from October 17, 2025
- Members are required to note the suspension and inform their clients holding these bonds
- All trading activity in this instrument must cease before the no-dealings date
Important Dates
- October 13, 2025: Circular issued
- October 17, 2025: No dealings in bonds from this date
- October 18, 2025: Record date for redemption
- November 3, 2025: Bond maturity date (implied from bond name)
Impact Assessment
This suspension has limited market impact as it affects only a specific bond series of Power Finance Corporation Ltd approaching maturity. Bondholders on the record date will receive redemption proceeds. The suspension is temporary and standard procedure for debt securities nearing redemption. Trading members with client positions in this instrument need to ensure no new transactions are executed from October 17, 2025. Other securities of Power Finance Corporation Ltd remain unaffected.
Impact Justification
Routine bond redemption affecting specific debt instrument; no dealings allowed from October 17, 2025, impacting bondholders of this particular series