Description

FRIEZA 06 2025 has fixed record date for payment of interest and part redemption of PTCs with reduced face value effective from October 31, 2025.

Summary

FRIEZA 06 2025 (ISIN: INE26SJ15017, Scrip Code: 976876) has announced part redemption of Pass Through Certificates (PTCs) along with interest payment. The record date has been set as November 1, 2025, and trading will commence with reduced face value of Rs. 0.7476 per PTC effective from October 31, 2025 in settlement DR-747/2025-2026.

Key Points

  • Part redemption of PTCs of FRIEZA 06 2025
  • Interest payment to PTC holders as per record date
  • Face value reduced to Rs. 0.7476 per PTC post redemption
  • Trading members must note the change in face value for trading purposes
  • Circular issued by BSE Listing Operations (CRD)

Regulatory Changes

No regulatory changes. This is a standard corporate action for debt securities involving partial redemption of PTCs.

Compliance Requirements

  • Trading members must ensure trading in FRIEZA 06 2025 PTCs reflects the reduced face value from the effective date
  • Members should update their systems to reflect the new face value of Rs. 0.7476 per PTC
  • All trades executed from October 31, 2025 onwards must be at the reduced face value

Important Dates

  • Record Date: November 1, 2025 - For determining eligibility for interest payment and part redemption
  • Effective Date: October 31, 2025 (Settlement No. DR-747/2025-2026) - Trading commences with reduced face value
  • Notice Date: October 27, 2025

Impact Assessment

This part redemption affects holders of FRIEZA 06 2025 PTCs. The significant reduction in face value to Rs. 0.7476 per PTC indicates substantial principal repayment to investors. Trading members need to adjust their systems and valuation models to reflect the new face value. The impact is limited to specific PTC holders and does not affect broader market operations. Investors will receive partial principal return along with interest payment as per the record date.

Impact Justification

Part redemption affects PTC holders of FRIEZA 06 2025 with significant face value reduction from original to Rs. 0.7476 per PTC, impacting debt security valuation and trading