Description

Trading suspended for TFCI bonds (INE305A09232) from October 24, 2025 due to record date for redemption and interest payment.

Summary

BSE has suspended trading in bonds of Tourism Finance Corporation of India Ltd (TFCI) with ISIN INE305A09232 (Code: 952989) effective October 24, 2025. The suspension is implemented due to the record date set for redemption of bonds and payment of interest on the 8.81% bonds maturing November 9, 2025.

Key Points

  • Bond ISIN: INE305A09232 (Code: 952989)
  • Bond Description: TFC-8.81%-9-11-25-PVT
  • Record Date: October 24, 2025
  • No Dealings From: October 24, 2025
  • Purpose: Redemption of Bonds and Payment of Interest
  • Trading members advised not to deal in these bonds

Regulatory Changes

No regulatory changes introduced. This is a standard operational circular for bond redemption procedures.

Compliance Requirements

  • Trading members must not execute any deals in the specified TFCI bonds from October 24, 2025
  • Trading members are required to take note of the suspension and inform their clients accordingly
  • Bondholders as on record date (October 24, 2025) will be eligible for interest payment and redemption proceeds

Important Dates

  • October 20, 2025: Circular issued (Notice No 20251020-37, DR-742/2025-2026)
  • October 24, 2025: Record date for interest payment and redemption
  • October 24, 2025: Trading suspension effective date
  • November 9, 2025: Bond maturity date

Impact Assessment

Market Impact: Low to medium. The suspension affects only specific bonds of Tourism Finance Corporation of India Ltd with maturity approaching in November 2025. This is a standard procedure for bonds nearing redemption.

Investor Impact: Medium for bondholders. Investors holding these bonds as of the record date will receive interest payment and redemption proceeds. No trading allowed from October 24, 2025, preventing any last-minute transactions.

Operational Impact: Trading members need to update their systems to block trades in this specific ISIN and inform clients holding or interested in these bonds about the suspension and upcoming redemption.

Impact Justification

Medium importance as it affects specific bondholders of TFCI's 8.81% bonds maturing November 9, 2025. Limited broader market impact but critical for affected investors.