Description
Trading suspended in NEEPCO 7.68% bonds from October 30, 2025 due to redemption and interest payment record date.
Summary
BSE has announced the suspension of trading in bonds issued by North Eastern Electric Power Corporation Ltd (NEEPCO) effective October 30, 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 affected: NEEPCO 7.68% bonds maturing November 15, 2025 (ISIN: INE636F07225, Code: 957170)
- Record date set for October 30, 2025
- Purpose: Redemption of bonds and payment of interest
- No dealings permitted from October 30, 2025
- Notice reference: DR-746/2025-2026
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action suspension notice.
Compliance Requirements
- Trading members must not execute any trades in the specified NEEPCO bonds from October 30, 2025
- Members must inform their clients about the trading suspension
- All pending orders for these bonds should be cancelled or held
Important Dates
- Notice Date: October 27, 2025
- Record Date: October 30, 2025
- No Dealings From: October 30, 2025
- Bond Maturity: November 15, 2025
Impact Assessment
Market Impact: High - Complete trading suspension affects liquidity and market access for bondholders. Investors holding these bonds cannot exit positions from October 30, 2025.
Investor Impact: Bondholders as of record date (October 30, 2025) will be entitled to receive the final interest payment and redemption proceeds. The bonds are approaching maturity (November 15, 2025), suggesting this is the final redemption.
Operational Impact: Trading members must update their systems to block trades in these securities and communicate the suspension to affected clients immediately.
Impact Justification
Complete trading suspension in NEEPCO bonds affecting bondholders and market participants immediately from October 30, 2025