Description
TRINITY TRUST SEP 2025 announces partial redemption of PTCs with reduced face value effective November 20, 2025.
Summary
TRINITY TRUST SEP 2025 has announced a partial redemption of its Pass Through Certificates (PTCs), resulting in a reduced face value per PTC. The face value will be reduced to Rs. 8692.25 per PTC effective from November 20, 2025. Trading members are required to note this change for trading purposes.
Key Points
- TRINITY TRUST SEP 2025 PTCs (ISIN: INE2JU715017, Scrip Code: 977166) undergoing partial redemption
- Reduced face value per PTC: Rs. 8692.25
- Instrument details: TTS25-11.75%-21-9-27-PTC
- Trading with reduced face value begins November 20, 2025
- Notice reference: DR-760/2025-2026
Regulatory Changes
No regulatory framework changes. This is a corporate action notification regarding partial redemption of debt securities.
Compliance Requirements
- Trading members must update their systems to reflect the new reduced face value of Rs. 8692.25 per PTC
- All trades from November 20, 2025 onwards must use the revised face value
- Trading members are required to take note of this change for settlement and valuation purposes
Important Dates
- Notice Date: November 19, 2025
- Effective Date for Trading with Reduced Face Value: November 20, 2025
Impact Assessment
This partial redemption affects holders of TRINITY TRUST SEP 2025 PTCs. The reduced face value from the original amount to Rs. 8692.25 per PTC reflects the return of principal to PTC holders. Trading members must ensure their trading and settlement systems are updated to reflect the new face value to avoid valuation or settlement errors. This is a routine corporate action for debt instruments and has limited broader market impact.
Impact Justification
Partial redemption affects face value of specific debt instrument; impacts holders of TRINITY TRUST PTCs and requires trading adjustment