Description

Trading suspended in two IRFC tax-free bonds effective December 5, 2025 due to scheduled redemption with record date set for interest payment and bond maturity.

Summary

BSE has announced the suspension of trading in two tax-free bonds issued by Indian Railway Finance Corporation (IRFC) effective December 5, 2025. The suspension is due to the scheduled redemption of these bonds, with the record date fixed for interest payment and final redemption purposes. Trading members are advised not to deal in these specified bonds from the no-dealings date.

Key Points

  • Two IRFC tax-free bonds are subject to trading suspension
  • IRFC 7.07% bonds maturing 21-12-25 (ISIN: INE053F07793, Code: 935566)
  • IRFC 7.32% bonds maturing 21-12-25 (ISIN: INE053F07827, Code: 935572)
  • Record date set for December 5, 2025
  • No dealings permitted from December 5, 2025
  • Purpose: Interest payment and bond redemption
  • Notice reference: DR-771/2025-2026

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notice for bond redemption procedures.

Compliance Requirements

  • Trading members must cease dealing in the specified IRFC bonds from December 5, 2025
  • Members must ensure no transactions are executed in these securities after the no-dealings date
  • Bondholders on record as of December 5, 2025 will be eligible for interest payment and redemption proceeds

Important Dates

  • Notice Date: November 24, 2025
  • Record Date: December 5, 2025
  • No Dealings From: December 5, 2025
  • Bond Maturity: December 21, 2025 (as per bond nomenclature)

Impact Assessment

Market Impact: Limited and localized to holders of these specific IRFC tax-free bond series. The suspension is part of normal bond lifecycle completion.

Investor Impact: Bondholders must be on record by December 5, 2025 to receive final interest payment and redemption proceeds. Secondary market trading opportunity ends on December 4, 2025.

Operational Impact: Trading members need to update their systems to block trades in these two bond ISINs from December 5, 2025. This is a routine operational requirement for maturing debt securities.

Impact Justification

Routine bond redemption affecting two specific IRFC tax-free bond series with limited market-wide impact, important for holders of these specific securities