Description
Trading suspended in SBI perpetual bonds (INE062A08272) from November 7, 2025 due to record date for redemption and interest payment on November 9, 2025.
Summary
BSE has announced suspension of trading in State Bank of India’s 7.73% perpetual Additional Tier 1 (AT1) bonds (ISIN: INE062A08272, Code: 960238) effective November 7, 2025. The suspension is due to the record date of November 9, 2025 set for redemption of bonds and payment of interest. Trading members are advised not to deal in these bonds from the no-dealings date.
Key Points
- Bond: SBI 7.73% Perpetual AT1 Private Placement
- ISIN: INE062A08272
- BSE Code: 960238
- Record Date: November 9, 2025
- No Dealings From: November 7, 2025
- Purpose: Redemption of Bonds and Payment of Interest
- Notice Reference: DR-751/2025-2026
Regulatory Changes
No regulatory changes. This is a standard corporate action notification for bond redemption and interest payment.
Compliance Requirements
- Trading members must not execute any trades in the specified SBI bonds from November 7, 2025
- Members should inform their clients holding these bonds about the trading suspension
- Ensure no fresh positions are created in these securities during the suspension period
Important Dates
- October 30, 2025: Circular issued
- November 7, 2025: Trading suspension begins (no dealings from this date)
- November 9, 2025: Record date for redemption and interest payment
Impact Assessment
The impact is limited to holders of this specific perpetual AT1 bond issue of State Bank of India. The trading suspension is temporary and procedural, allowing the bank to process redemption and interest payments to bondholders as of the record date. Investors holding these bonds should expect redemption proceeds and interest payment based on their holdings as of November 9, 2025. This does not affect other SBI securities or bonds.
Impact Justification
Affects specific perpetual AT1 bond holders of State Bank of India with trading suspension for redemption and interest payment process