Description

Trading suspended in NABARD 7.50% bonds maturing December 17, 2025, from December 2, 2025 due to record date for redemption and interest payment.

Summary

BSE has announced suspension of trading in bonds of National Bank for Agriculture and Rural Development (NABARD) effective December 2, 2025. The suspension applies to the NABARD 7.50% bonds (ISIN: INE261F08DT8, Code: 974415) maturing on December 17, 2025, due to the record date being fixed for redemption and interest payment purposes.

Key Points

  • Trading Members advised not to deal in specified NABARD bonds from December 2, 2025
  • Suspension applies to NABARD-7.50%-17-12-25-PVT (ISIN: INE261F08DT8, BSE Code: 974415)
  • Record date set for December 2, 2025 for both redemption and interest payment
  • Circular reference: DR-768/2025-2026
  • Notice issued November 20, 2025, effective for transactions from December 2, 2025

Regulatory Changes

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

Compliance Requirements

  • Trading Members must cease all dealing in the specified NABARD bonds from December 2, 2025
  • Trading Members must ensure clients are informed about the trading suspension
  • No new buy or sell orders should be accepted for the specified bond from the suspension date

Important Dates

  • Notice Date: November 24, 2025
  • Record Date: December 2, 2025
  • No Dealings From: December 2, 2025
  • Bond Maturity: December 17, 2025
  • Circular Issued: November 20, 2025

Impact Assessment

Market Impact: Limited - affects only one bond series of NABARD nearing maturity. Bondholders expecting redemption on December 17, 2025.

Investor Impact: Investors holding these bonds will receive redemption proceeds and final interest payment. No trading liquidity available from December 2, 2025 onwards, though this is a standard practice close to maturity.

Operational Impact: Trading Members need to update their systems to block trading in this specific bond from December 2, 2025. Standard end-of-life process for maturing debt securities.

Impact Justification

Routine trading suspension for bond redemption affecting single NABARD bond series. Standard corporate action with limited market-wide impact.