Description
Trading suspended in Bank of Baroda debentures (INE028A08232) from November 17, 2025 due to record date for interest payment and call option exercise.
Summary
BSE has announced the suspension of trading in specific non-convertible debentures of Bank of Baroda (ISIN: INE028A08232, Code: 960207) effective November 17, 2025. The suspension is implemented to facilitate the processing of interest payment and call option exercise for which the record date has been fixed as November 17, 2025. Trading members are instructed not to deal in these debentures from the specified date.
Key Points
- Debenture series affected: BOB-8.50%-PERP-PVT (Perpetual bonds with 8.50% coupon)
- ISIN: INE028A08232
- BSE Code: 960207
- Record date: November 17, 2025
- No dealings permitted from: November 17, 2025
- Notice reference: DR-757/2025-2026
- Purpose: Payment of interest and exercise of call option
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action processing requirement.
Compliance Requirements
- Trading members must not execute any trades in the specified Bank of Baroda debentures from November 17, 2025
- Trading members are required to take note of the suspension and inform their clients accordingly
- All dealing activities in debenture code 960207 must be halted on the specified date
Important Dates
| Date | Event |
|---|---|
| November 10, 2025 | Notice issued |
| November 17, 2025 | Record date for interest payment and call option |
| November 17, 2025 | Trading suspension effective date |
Impact Assessment
Market Impact: Medium - The suspension affects only one specific series of Bank of Baroda perpetual debentures. Holders of these debentures cannot trade during the suspension period, but this is a standard corporate action process.
Operational Impact: Trading members dealing in debt securities must update their systems to block trading in the specified debenture. The suspension facilitates proper processing of interest payments and call option exercises for eligible holders.
Investor Impact: Debenture holders as of the record date will be eligible for interest payment and have the opportunity to exercise call options. Trading is suspended to ensure proper identification of eligible holders and prevent settlement complications during the corporate action processing period.
Impact Justification
Trading suspension affects specific debenture holders and traders but is limited to one security series and temporary in nature for corporate action processing