Description

Trading suspended in two State Bank of India bonds due to upcoming redemption and interest payment with record dates on December 15-16, 2025.

Summary

BSE has announced the suspension of trading in two bond series issued by State Bank of India effective December 15-16, 2025. The suspension is due to the fixing of record dates for redemption of bonds and payment of interest. Trading members are advised not to deal in these specified bonds from their respective no-dealing dates.

Key Points

  • Two SBI bond series affected: SBI-8.4%-30-12-25-PVT (ISIN: INE649A08029, Scrip Code: 953197) and SBOI-8.40%-31-12-25-PVT (ISIN: INE651A08041, Scrip Code: 953153)
  • Both bonds carry 8.40% interest rate
  • Purpose: Redemption of bonds and payment of interest
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance And Operations
  • Notice number: 20251211-88, Category: Corporate Actions, Segment: Debt

Regulatory Changes

No regulatory changes introduced. This is a standard operational notice for bond redemption procedures.

Compliance Requirements

  • Trading members must not deal in the specified SBI bonds from the no-dealing dates
  • Trading members are required to take note of the suspension and inform relevant stakeholders
  • Compliance with record date procedures for bondholders

Important Dates

  • Notice Date: December 11, 2025
  • Record Date (SBI-8.4%-30-12-25-PVT): December 15, 2025
  • No Dealings From (SBI-8.4%-30-12-25-PVT): December 15, 2025
  • Record Date (SBOI-8.40%-31-12-25-PVT): December 16, 2025
  • No Dealings From (SBOI-8.40%-31-12-25-PVT): December 16, 2025
  • Redemption Date (SBI-8.4%-30-12-25-PVT): December 30, 2025 (implied from bond name)
  • Redemption Date (SBOI-8.40%-31-12-25-PVT): December 31, 2025 (implied from bond name)

Impact Assessment

Market Impact: Limited to bondholders and traders of these specific SBI bond series. The bonds are approaching maturity with redemption scheduled for end-December 2025. Trading suspension is temporary and procedural in nature.

Operational Impact: Bondholders registered as of the record dates will be entitled to receive the final interest payment and redemption proceeds. Trading members need to ensure no transactions are executed in these bonds from the specified dates to avoid settlement issues.

Investor Impact: Bondholders will receive redemption proceeds and accrued interest as per the bond terms. No adverse impact expected as this is a scheduled maturity event for privately placed bonds of a major public sector bank.

Impact Justification

Affects bondholders of specific SBI bond series with imminent redemption; limited to debt segment but involves a major issuer