Description

BSE suspends trading in two T-bills (182-day and 91-day) and one Sovereign Gold Bond 2017 series effective November 18, 2025 due to redemption maturity.

Summary

BSE has issued a notice suspending trading in three debt securities effective November 18, 2025, due to their scheduled redemption on the same date. The suspension affects two Treasury Bills (182-day and 91-day tenors) and one Sovereign Gold Bond from the 2017 series. Trading members are instructed not to execute any deals in these securities from the effective date.

Key Points

  • Three debt securities will be suspended from trading on November 18, 2025
  • SCRIP CODE 805068 (ISIN: IN002025Y081) - 182T201125 (182-day T-bill)
  • SCRIP CODE 805106 (ISIN: IN002025X216) - 91TB201125 (91-day T-bill)
  • SCRIP CODE 800276 (ISIN: IN0020170109) - Sovereign Gold Bond 2017 Series
  • Trading members must cease dealing in these instruments from November 18, 2025
  • Notice reference: DR-758/2025-2026

Regulatory Changes

No regulatory changes. This is a standard operational procedure for maturing debt instruments.

Compliance Requirements

  • Trading members must not execute any transactions in the specified securities from November 18, 2025 onwards
  • Members should update their systems to reflect the trading suspension
  • Ensure clients are informed about the trading halt for these specific instruments

Important Dates

  • Notice Date: November 17, 2025
  • Trading Suspension Effective Date: November 18, 2025
  • Redemption/Maturity Date: November 18, 2025

Impact Assessment

Market Impact: Low to medium. This is a routine suspension affecting only holders of these specific maturing instruments. The suspension ensures orderly redemption without creating settlement complications.

Operational Impact: Trading members holding positions or having client orders in these securities need to process redemptions through normal maturity channels rather than secondary market trading. The suspension is standard practice and should not disrupt normal debt market operations.

Impact Justification

Routine trading suspension for maturing debt instruments affecting specific T-bills and one gold bond. Standard operational procedure with limited market-wide impact.