Description

Trading suspension for SBI perpetual bonds (INE062A08272) from November 7, 2025 due to upcoming redemption and interest payment with record date November 9, 2025.

Summary

BSE has announced the suspension of trading in perpetual AT1 bonds (Additional Tier 1) of State Bank of India with ISIN INE062A08272 (Code: 960238). The suspension will be effective from November 7, 2025, as the company has set November 9, 2025 as the record date for redemption of bonds and payment of interest. Trading members are advised not to deal in these bonds from the specified date.

Key Points

  • Bond affected: SBI 7.73% Perpetual AT1 Private bonds
  • 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 operational circular for trading suspension due to corporate action.

Compliance Requirements

  • Trading members must cease all dealings in the specified SBI bonds from November 7, 2025
  • Members should update their systems to prevent trading in ISIN INE062A08272 from the suspension date
  • No buy or sell orders should be accepted for these bonds 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

This suspension affects bondholders and traders of SBI’s perpetual AT1 bonds. The two-day suspension period before the record date ensures proper settlement and determination of eligible bondholders for redemption proceeds and interest payment. Trading members must adjust their positions before November 7, 2025. The redemption will impact the debt market as these are perpetual bonds being redeemed, potentially affecting liquidity in the AT1 bond segment.

Impact Justification

High ranking due to trading suspension of major bank's perpetual AT1 bonds affecting debt market participants and bondholders immediately before redemption