Description
RAJASTHAN RAJYA VIDYUT UTPADAN NIGAM LIMITED has announced part redemption of bonds with record date December 8, 2025, reducing face value from Rs. 1,000,000 to Rs. 400,000 per bond.
Summary
RAJASTHAN RAJYA VIDYUT UTPADAN NIGAM LIMITED (RRVUN) has fixed December 8, 2025 as the record date for part redemption of its 9% non-convertible bonds (ISIN: INE891F08018, Scrip Code: 951431) maturing on December 24, 2026. The bonds will trade with reduced face value of Rs. 400,000 per bond (down from Rs. 1,000,000) effective December 8, 2025, settlement number DR-772/2025-2026. Interest payment will also be made on the record date.
Key Points
- Part redemption of 9% non-convertible bonds with private placement
- Record date: December 8, 2025
- Bond ISIN: INE891F08018
- BSE Scrip Code: 951431
- Reduced face value: Rs. 400,000 per bond (60% reduction from implied original Rs. 1,000,000)
- Effective date for reduced face value trading: December 8, 2025
- Settlement number: DR-772/2025-2026
- Coupon rate: 9%
- Maturity date: December 24, 2026
- Purpose: Part redemption of bonds and payment of interest
Regulatory Changes
No regulatory changes. This is a corporate action notification for bond redemption as per the terms of the bond issuance.
Compliance Requirements
- Trading members must note that bonds will trade with reduced face value of Rs. 400,000 per bond from December 8, 2025
- Trading members should ensure their systems reflect the updated face value for settlement number DR-772/2025-2026 onwards
- Bondholders on record as of December 8, 2025 will be eligible for interest payment and part redemption proceeds
Important Dates
- December 2, 2025: Circular issued (Notice No. 20251202-10)
- December 8, 2025: Record date for interest payment and part redemption; effective date for trading with reduced face value
- December 24, 2026: Bond maturity date
Impact Assessment
Market Impact: Moderate impact limited to bondholders of this specific RRVUN debt instrument. The 60% face value reduction indicates a substantial partial redemption, returning capital to bondholders ahead of maturity.
Operational Impact: Trading members must update their systems to reflect the new face value from December 8, 2025. The reduced face value will affect position calculations, margin requirements, and settlement amounts for any trades in these bonds.
Investor Impact: Bondholders will receive partial redemption proceeds and interest payment on the record date, providing liquidity and return of capital approximately one year before maturity. Remaining investment of Rs. 400,000 per bond will continue until December 2026 maturity.
Impact Justification
Bond part redemption affecting specific bondholders with 60% face value reduction, limited to debt segment with clear operational impact on trading