Description

Trading suspended for three T-bills (182T271125, 364TB271125) and Sovereign Gold Bond 2017 Series effective November 25, 2025 due to maturity and redemption.

Summary

BSE has announced the suspension of trading in three debt securities effective November 25, 2025, due to their upcoming maturity and redemption. The affected securities include two Treasury Bills (182T271125 and 364TB271125) and Sovereign Gold Bond 2017 Series. Trading members are advised not to deal in these securities from the effective date.

Key Points

  • Three debt securities to be suspended from trading: 182T271125 (ISIN: IN002025Y099), 364TB271125 (ISIN: IN002024Z339), and Sovereign Gold Bond 2017 Series (ISIN: IN0020170117)
  • Suspension effective from November 25, 2025
  • Reason: Securities maturing pursuant to redemption date fixed by the company
  • Notice reference: DR-763/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance & Operations

Regulatory Changes

No regulatory changes introduced. This is a standard operational notification for debt security maturity.

Compliance Requirements

  • Trading members must not deal in the specified T-bills and Sovereign Gold Bond from November 25, 2025
  • Trading members should update their systems to reflect trading suspension for these securities
  • Members must ensure no new positions are created in these instruments from the effective date

Important Dates

  • Notice Date: November 24, 2025
  • Trading Suspension Effective Date: November 25, 2025
  • Maturity/Redemption Date: November 27, 2025 (implied from security codes)

Impact Assessment

Market Impact: Medium - Affects debt segment traders holding or planning to trade these specific T-bills and Sovereign Gold Bond. The suspension is routine for maturing securities and provides adequate one-day advance notice.

Operational Impact: Low to Medium - Trading members need to update their trading systems and inform clients holding these securities. This is a standard operational procedure that occurs regularly in the debt market.

Investor Impact: Medium - Investors holding these securities should be aware that secondary market trading will not be available from November 25, 2025, and they will receive redemption proceeds on maturity date.

Impact Justification

Routine trading suspension for maturing debt securities. Impacts debt segment traders but is a standard operational procedure with advance notice.