Description

Trading suspended for FIRST BUSINESS RECEIVABLES TRUST PTCs (FBRT-8.59%-1-1-26-PTC) effective December 24, 2025 due to redemption and interest payment with record date set for December 24, 2025.

Summary

BSE has announced the suspension of trading in Pass Through Certificates (PTCs) of FIRST BUSINESS RECEIVABLES TRUST effective December 24, 2025. The suspension is due to the company fixing a record date for redemption of PTCs and payment of interest. Trading members are advised not to deal in the specified PTCs from December 24, 2025 onwards.

Key Points

  • Company: FIRST BUSINESS RECEIVABLES TRUST
  • Security: FBRT-8.59%-1-1-26-PTC
  • ISIN: INE0BTV15246
  • Scrip Code: 959187
  • Record Date: December 24, 2025
  • No Dealings From: December 24, 2025
  • Notice Number: DR-784/2025-2026
  • Purpose: Redemption of PTCs and Payment of Interest

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification for debt instruments.

Compliance Requirements

  • Trading members must not deal in the specified PTCs of FIRST BUSINESS RECEIVABLES TRUST from December 24, 2025
  • Trading members are required to take note of the suspension and ensure compliance with the no-dealings restriction
  • All transactions in the affected security must cease from the specified date

Important Dates

  • December 19, 2025: Circular issue date
  • December 24, 2025: Record date for interest payment and redemption
  • December 24, 2025: Trading suspension effective date (no dealings from this date)

Impact Assessment

Market Impact: Limited to holders and traders of this specific PTC instrument. The suspension is procedural and relates to the scheduled redemption and interest payment process.

Investor Impact: Investors holding these PTCs will receive their redemption proceeds and interest payment based on holdings as of the record date. No trading will be possible from December 24, 2025 onwards.

Operational Impact: Trading members must update their systems to block trades in scrip code 959187 from December 24, 2025. Standard procedure for debt instrument redemptions with minimal operational disruption expected.

Impact Justification

High severity due to immediate trading suspension but medium impact as it affects a specific debt instrument with scheduled redemption rather than broader market operations