Description

Trading suspended for YES BANK LTD. 8.90% bonds from December 16, 2025 due to redemption and interest payment record date.

Summary

BSE has announced the suspension of trading in YES BANK LTD. 8.90% bonds (ISIN: INE528G08303, Code: 953144) effective December 16, 2025. The suspension is due to the company fixing a record date for redemption of bonds and payment of interest. Trading members are advised not to deal in these bonds from the specified date.

Key Points

  • Bond: YES BANK LTD. 8.90%-31-12-25-PVT
  • ISIN: INE528G08303
  • Bond Code: 953144
  • Record Date: December 16, 2025
  • No Dealings From: December 16, 2025
  • Purpose: Redemption of Bonds and Payment of Interest
  • Notice Reference: DR-778/2025-2026

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notice.

Compliance Requirements

  • Trading members must cease dealing in the specified YES BANK bonds from December 16, 2025
  • Trading members are required to take note of the suspension and ensure compliance
  • No trades should be executed in the affected bond starting from the record date

Important Dates

  • Notice Date: December 11, 2025
  • Record Date: December 16, 2025
  • Trading Suspension Effective From: December 16, 2025
  • Bond Maturity Date: December 31, 2025 (as per bond nomenclature)

Impact Assessment

Market Impact: High - Complete trading suspension affects liquidity for bondholders who may need to exit positions before redemption. The suspension is imminent (5 days notice), limiting time for position adjustments.

Operational Impact: Trading members holding these bonds or having client positions must inform clients about the suspension and inability to trade from December 16, 2025. The bonds are approaching maturity (December 31, 2025) and will be redeemed along with final interest payment.

Investor Impact: Bondholders will receive redemption proceeds and interest payment based on holdings as of the December 16, 2025 record date. Secondary market exit is not possible from the suspension date onwards.

Impact Justification

Complete trading suspension for YES BANK bonds affects debt market participants and bondholders, with immediate effect from record date for redemption and interest payment