Description
Trading suspended in POWER FINANCE CORPORATION LTD bonds (PFCL-7.59%-3-11-25-PVT) from October 17, 2025 due to redemption with record date set for October 18, 2025.
Summary
BSE has announced the suspension of trading in bonds of Power Finance Corporation Limited (PFCL) effective October 17, 2025. The suspension is due to the company setting a record date of October 18, 2025 for the redemption of bonds with ISIN INE134E08LU1 (Code: 974340, Series: PFCL-7.59%-3-11-25-PVT). Trading members are advised not to deal in these bonds from the specified date.
Key Points
- Trading suspended for PFCL bonds series PFCL-7.59%-3-11-25-PVT
- ISIN: INE134E08LU1, BSE Code: 974340
- Record date for redemption: October 18, 2025
- No dealings permitted from: October 17, 2025
- Notice issued under DR-738/2025-2026
- Issued by Marian Dsouza, Assistant Vice President – Listing Operations (CRD)
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notice for bond redemption.
Compliance Requirements
- Trading members must cease all trading activities in the specified PFCL bonds from October 17, 2025
- No buy or sell orders should be accepted for ISIN INE134E08LU1 after the suspension date
- Members must inform their clients holding these bonds about the redemption schedule
- Proper settlement procedures must be followed for existing positions before suspension date
Important Dates
- October 13, 2025: Notice issued
- October 17, 2025: Trading suspension begins (no dealings from this date)
- October 18, 2025: Record date for redemption determination
- November 3, 2025: Expected redemption date (based on bond maturity date 3-11-25)
Impact Assessment
Market Impact: Limited to holders of this specific bond series. Trading suspension is a standard procedure before bond redemption to ensure clean settlement.
Investor Impact: Bondholders as of the record date (October 18, 2025) will receive redemption proceeds. Those wishing to exit positions must do so before October 17, 2025.
Operational Impact: Trading members need to update their systems to block trading in this ISIN and communicate with affected clients regarding redemption timelines and payment schedules.
Liquidity Impact: Secondary market liquidity for these bonds ceases from October 17, 2025, which is typical for bonds approaching redemption.
Impact Justification
High severity for bondholders affected by trading suspension, but medium overall impact as it affects only specific bond series scheduled for redemption. Standard corporate action with limited market-wide implications.