Description

Trading suspended in two SBI bond series from December 15-16, 2025 due to upcoming redemption and interest payment with record dates set.

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 record dates being fixed for redemption of bonds and payment of interest. Trading members are advised not to deal in these specific bond scrips from the respective no-dealings dates.

Key Points

  • Two SBI bond series affected: SBI-8.4%-30-12-25-PVT (ISIN: INE649A08029, Code: 953197) and SBOI-8.40%-31-12-25-PVT (ISIN: INE651A08041, Code: 953153)
  • Both bonds carry 8.40% coupon rate
  • Suspension relates to upcoming redemption and interest payment events
  • Trading members instructed not to execute deals in these bonds from specified dates
  • Notice issued under reference numbers DR-777/2025-2026 and DR-778/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard operational notice for corporate action processing.

Compliance Requirements

  • Trading members must cease all trading activity in the specified SBI bonds from the no-dealings dates
  • Members must ensure client orders are not accepted for these securities during the suspension period
  • Compliance with record date requirements for determining bondholders eligible for interest payment and redemption proceeds

Important Dates

  • December 11, 2025: Notice issued
  • December 15, 2025: Record date and no-dealings date for SBI-8.4%-30-12-25-PVT (INE649A08029)
  • December 16, 2025: Record date and no-dealings date for SBOI-8.40%-31-12-25-PVT (INE651A08041)
  • December 30, 2025: Expected maturity date for first bond series (based on nomenclature)
  • December 31, 2025: Expected maturity date for second bond series (based on nomenclature)

Impact Assessment

Market Impact: Limited to holders of these specific SBI private bond placements. The suspension affects debt market participants with exposure to these instruments but does not impact SBI equity or other bonds.

Operational Impact: Standard procedure for bond maturity; bondholders on record date will receive final interest payment and principal redemption. No trading disruption beyond the specific scrips mentioned.

Investor Impact: Bondholders must hold positions through record date to receive redemption proceeds and final coupon payment. No secondary market liquidity available during suspension period.

Impact Justification

Routine suspension for bond redemption affecting specific SBI bond series with clearly defined dates; limited to debt segment with no broader market implications.