Description
Trading suspended for two T-bills (182T201125, 91TB201125) and Sovereign Gold Bond 2017 Series effective November 18, 2025 due to maturity on redemption date.
Summary
BSE has announced the suspension of trading in two Treasury Bills (T-bills) and one Sovereign Gold Bond effective November 18, 2025. The securities include 182-day T-bill (ISIN: IN002025Y081), 91-day T-bill (ISIN: IN002025X216), and Sovereign Gold Bond 2017 Series (ISIN: IN0020170109). Trading members are advised not to deal in these securities from the effective date as they are scheduled to mature on the redemption date.
Key Points
- Three debt securities to be suspended from trading: two T-bills and one Sovereign Gold Bond
- 182-day T-bill with scrip code 805068 (ISIN: IN002025Y081)
- 91-day T-bill with scrip code 805106 (ISIN: IN002025X216)
- Sovereign Gold Bond 2017 Series with scrip code 800276 (ISIN: IN0020170109)
- Suspension effective from November 18, 2025
- Circular reference: DR-758/2025-2026
- Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance & Operations
Regulatory Changes
No regulatory changes. This is a standard operational procedure for securities approaching maturity.
Compliance Requirements
- Trading members must not deal in the specified T-bills and Sovereign Gold Bond from November 18, 2025
- Trading members are required to take note of the suspension and ensure compliance
- No new trades should be executed in these securities after the effective date
Important Dates
- Notice Date: November 17, 2025
- Trading Suspension Effective Date: November 18, 2025
- Redemption Date: Not explicitly stated, but implied to be on or shortly after November 18, 2025
Impact Assessment
Market Impact: Limited and routine. The suspension affects only the specific securities listed and is a standard procedure for maturing debt instruments. Holders of these securities will receive redemption proceeds as per schedule.
Operational Impact: Trading members need to update their systems to block trading in these three securities. Investors holding these instruments should be aware that they cannot be traded and will be redeemed at maturity value.
Investor Impact: Investors holding these securities will not be able to sell them on the exchange from November 18, 2025, but will receive redemption proceeds at maturity. This is expected and part of the normal lifecycle of T-bills and government securities.
Impact Justification
Routine suspension of trading in maturing debt instruments. Affects specific T-bills and gold bond holders but is standard market procedure for maturity events.