Description

BSE suspends trading in four T-bills and one Sovereign Gold Bond effective December 9, 2025 due to redemption on December 11, 2025.

Summary

BSE has announced the suspension of trading in three Treasury Bills and one Sovereign Gold Bond effective December 9, 2025. The suspension is being implemented as these securities are scheduled to mature on December 11, 2025. Trading members are advised not to deal in these securities from the effective date.

Key Points

  • Four debt securities will be suspended from trading effective December 9, 2025
  • Suspension applies to: 182-day T-bill (ISIN: IN002025Y115), 364-day T-bill (ISIN: IN002024Z354), 91-day T-bill (ISIN: IN002025X240), and Sovereign Gold Bond 2017 Series (ISIN: IN0020170133)
  • Scrip codes affected: 805077, 805000, 805115, and 800279
  • Notice number: DR-773/2025-2026
  • Issued by Marian Dsouza, Assistant Vice President – Listing Compliance & Operations

Regulatory Changes

No regulatory changes. This is a standard operational procedure for securities approaching maturity.

Compliance Requirements

  • Trading members must not execute any trades in the listed T-bills and Sovereign Gold Bond from December 9, 2025
  • Members should update their systems to reflect the trading suspension
  • No new positions should be created in these securities

Important Dates

  • December 8, 2025: Circular issued
  • December 9, 2025: Trading suspension becomes effective
  • December 11, 2025: Redemption date for all listed securities

Impact Assessment

Market Impact: Limited to debt segment participants holding or trading these specific T-bills and the Sovereign Gold Bond. The impact is routine and expected as securities approach maturity.

Operational Impact: Trading members need to ensure compliance by removing these securities from tradable lists. Investors holding these instruments will receive redemption proceeds on the maturity date. The suspension prevents last-minute trading activity that could complicate settlement at redemption.

Impact Justification

Routine suspension of T-bills before maturity. Affects debt segment traders but is a standard operational procedure with advance notice.