Description

BSE suspends trading in four T-bills including Sovereign Gold Bond 2017 Series, 364TB231025, 182T231025, and 91TB231025 effective October 17, 2025 due to maturity on redemption date.

Summary

BSE has suspended trading in four T-bills effective October 17, 2025, as they are scheduled to mature on the redemption date. Trading members are advised not to deal in these securities from the suspension date onwards. This is a routine administrative action per DR-738/2025-2026.

Key Points

  • Four T-bills suspended from trading effective October 17, 2025
  • Securities include Sovereign Gold Bond 2017 Series and three treasury bills
  • Suspension due to maturity on redemption date
  • Trading members prohibited from dealing in these securities post-suspension
  • Notice issued under reference DR-738/2025-2026

Regulatory Changes

No regulatory changes. This is a standard operational notice for securities reaching maturity.

Compliance Requirements

  • Trading members must not execute any trades in the following securities from October 17, 2025:
    • SCRIP CODE 800270 (ISIN: IN0020170067) - Sovereign Gold Bond 2017 Series
    • SCRIP CODE 804979 (ISIN: IN002024Z289) - 364TB231025
    • SCRIP CODE 805056 (ISIN: IN002025Y040) - 182T231025
    • SCRIP CODE 805094 (ISIN: IN002025X174) - 91TB231025
  • Trading members must update their systems to reflect trading suspension
  • Ensure no client orders are accepted for these securities

Important Dates

  • October 16, 2025: Notice date
  • October 17, 2025: Trading suspension effective date
  • October 23, 2025: Expected redemption/maturity date (implied)

Impact Assessment

Market Impact: Limited to debt segment participants holding or trading these specific T-bills. No broader market implications as this is a standard maturity-related suspension.

Operational Impact: Trading members must ensure compliance systems are updated to prevent inadvertent trading in suspended securities. Investors holding these securities will receive redemption proceeds as per standard settlement procedures.

Liquidity Impact: Minimal, as securities approaching maturity typically have reduced trading activity. Investors seeking to exit positions should have done so prior to the suspension date.

Impact Justification

Routine suspension of T-bills due to maturity. Affects debt segment trading members dealing with these specific securities. Limited market-wide impact.