Description
Trading suspension notice for T-bills and Sovereign Gold Bond maturing on November 3, 2025, effective from that date.
Summary
BSE has announced the suspension of trading in four debt securities - one Sovereign Gold Bond and three Treasury Bills - that are scheduled to mature on November 3, 2025. Trading members are advised not to deal in these securities from the effective suspension date of November 3, 2025.
Key Points
- Four debt securities to be suspended from trading effective November 3, 2025
- Includes 1 Sovereign Gold Bond (2017 Series) and 3 Treasury Bills (91-day, 182-day, and 364-day)
- Trading members must cease all dealings in these securities from the suspension date
- Suspension is due to upcoming maturity/redemption of these instruments
- Reference number: DR-748/2025-2026
Securities Affected
| Scrip Code | ISIN | Particulars |
|---|---|---|
| 800274 | IN0020170083 | Sovereign Gold Bond 2017 Series |
| 804985 | IN002024Z305 | 364TB61125 (364-day T-Bill) |
| 805062 | IN002025Y065 | 182T611025 (182-day T-Bill) |
| 805100 | IN002025X190 | 91TB061125 (91-day T-Bill) |
Regulatory Changes
No regulatory framework changes. This is a standard operational procedure for securities reaching maturity.
Compliance Requirements
- Trading members must not execute any trades in the listed securities from November 3, 2025 onwards
- Members must update their trading systems to reflect the suspension status
- Ensure clients are informed about the trading suspension to prevent rejected orders
Important Dates
- Notice Date: October 31, 2025
- Trading Suspension Effective Date: November 3, 2025
- Redemption/Maturity Date: November 3, 2025
Impact Assessment
Market Impact: Limited. This is a routine suspension affecting maturing debt securities. Investors holding these instruments will receive redemption proceeds as per standard settlement procedures.
Operational Impact: Trading members need to update their systems to block trading in these four ISINs. No significant operational disruption expected as this is a standard end-of-life process for debt instruments.
Investor Impact: Holders of these securities will not be able to trade them from November 3, 2025, but will receive redemption payments on the maturity date. No adverse impact for investors who plan to hold until maturity.
Impact Justification
Routine trading suspension for maturing T-bills and sovereign gold bonds. Affects debt market participants but is standard procedure for securities approaching redemption.