Description

BSE suspends trading in three T-bills (182-day, 364-day, 91-day) and Sovereign Gold Bond 2017 Series effective December 09, 2025 due to maturity on redemption date.

Summary

BSE has issued a circular suspending trading in four debt instruments effective December 09, 2025, as they are maturing on their redemption date. The affected securities include three Treasury Bills (91-day, 182-day, and 364-day tenors) and one Sovereign Gold Bond 2017 Series. Trading members are advised not to deal in these securities from the suspension date.

Key Points

  • Four debt securities suspended from trading effective December 09, 2025
  • Suspension reason: Securities maturing on redemption date December 11, 2025
  • Affected instruments: 182TB111225 (ISIN: IN002025Y115), 364TB111225 (ISIN: IN002024Z354), 91TB111225 (ISIN: IN002025X240), and Sovereign Gold Bond 2017 Series (ISIN: IN0020170133)
  • Notice Number: DR-773/2025-2026
  • Trading members must cease dealing in these securities from suspension date

Regulatory Changes

No regulatory changes. This is a standard operational procedure for suspending trading in debt instruments approaching maturity.

Compliance Requirements

  • Trading members must not execute trades in the specified T-bills and Sovereign Gold Bond from December 09, 2025
  • Members must update their systems to reflect the trading suspension
  • Ensure no new positions are created in these securities

Important Dates

  • December 08, 2025: Circular issue date
  • December 09, 2025: Trading suspension effective date
  • December 11, 2025: Expected redemption/maturity date

Impact Assessment

Market Impact: Limited impact as this is a routine suspension for maturing instruments. Holders of these securities will receive redemption proceeds on maturity. No disruption to broader debt market operations expected.

Operational Impact: Trading members need to update their systems to prevent inadvertent trading in suspended securities. Investors holding these instruments should prepare for redemption proceeds settlement.

Impact Justification

Routine suspension of debt instruments upon maturity. Affects only specific T-bills and one gold bond, with advance notice provided to market participants.