Description
BSE suspends trading in REC LIMITED bonds (5.81% maturing 31-12-25) from December 16, 2025 due to redemption with record date set for the same day.
Summary
BSE has announced the suspension of trading in bonds of REC LIMITED (Rural Electrification Corporation Limited) effective December 16, 2025. The suspension applies to the 5.81% bonds maturing on December 31, 2025 (ISIN: INE020B08DH2, Scrip Code: 960313). The company has fixed the record date for redemption as December 16, 2025, and trading members are advised not to deal in these bonds from that date onwards.
Key Points
- Trading suspension effective from December 16, 2025
- Applies to REC LIMITED bonds: 5.81%-31-12-25-PVT series
- ISIN: INE020B08DH2, BSE Scrip Code: 960313
- Record date for redemption: December 16, 2025
- Trading members advised not to deal in these bonds from the no-dealings date
- Notice reference: DR-778/2025-2026
Regulatory Changes
No regulatory framework changes. This is a standard operational notice for bond redemption procedures.
Compliance Requirements
- Trading members must not execute any trades in the specified REC LIMITED bonds from December 16, 2025
- Market participants must note the suspension and avoid dealing in these securities
- Compliance with the no-dealings restriction is mandatory for all exchange members
Important Dates
- Notice Date: December 11, 2025
- Record Date: December 16, 2025
- No Dealings From: December 16, 2025
- Bond Maturity Date: December 31, 2025
Impact Assessment
The impact is limited to holders and traders of this specific REC LIMITED bond series. With the bonds maturing on December 31, 2025 (just 15 days after suspension), this represents a routine end-of-life process for the debt instrument. Investors holding these bonds will receive redemption proceeds based on the December 16 record date. The suspension prevents any last-minute trading that could create settlement complications during the redemption process. Market liquidity impact is minimal as these are private placement bonds nearing maturity.
Impact Justification
Affects specific bond series of REC LIMITED with immediate trading suspension before redemption. Limited to single debt instrument with short notice period.