Description

Trading in SBI perpetual AT1 bonds suspended from November 7, 2025 due to upcoming redemption and interest payment with record date of November 9, 2025.

Summary

BSE has suspended trading in State Bank of India’s 7.73% perpetual AT1 bonds (ISIN: INE062A08272) effective November 7, 2025. The suspension is due to the bank setting a record date of November 9, 2025 for bond redemption and interest payment. Trading members are advised not to deal in these bonds from the no-dealings date.

Key Points

  • Bond affected: SBI 7.73% Perpetual AT1 Private bonds
  • ISIN: INE062A08272 (Code: 960238)
  • Record date: November 9, 2025
  • No dealings from: November 7, 2025
  • Purpose: Redemption of bonds and payment of interest
  • Reference: DR-751/2025-2026
  • Notice number: 20251030-6

Regulatory Changes

No regulatory changes introduced. This is a standard operational suspension related to corporate action processing.

Compliance Requirements

  • Trading members must not execute any trades in the specified SBI AT1 bonds from November 7, 2025
  • Trading members should inform their clients holding these bonds about the suspension
  • All pending orders for these bonds should be cancelled before the suspension date

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

Market Impact: Medium - affects liquidity in specific SBI AT1 bond but limited to single ISIN. Bondholders will receive redemption proceeds and final interest payment.

Operational Impact: Trading members need to update their systems to block trading in this specific ISIN and communicate with affected clients. The suspension is temporary and related to the settlement process for redemption.

Investor Impact: Bondholders as of record date will receive redemption amount and interest payment. Those not holding on record date will not be eligible for these payments.

Impact Justification

Affects specific AT1 bond holders and trading members dealing with SBI perpetual bonds. Limited to single ISIN but high severity due to trading suspension.