Description

BSE suspends trading in PTCs of FIRST BUSINESS RECEIVABLES TRUST (FBRT-8.59%-1-1-26-PTC) from December 24, 2025 due to redemption and interest payment with record date set for the same date.

Summary

BSE has issued a notice suspending trading in Pass Through Certificates (PTCs) of FIRST BUSINESS RECEIVABLES TRUST effective December 24, 2025. The suspension is in connection with the company’s record date fixed for redemption of PTCs and payment of interest. Trading members are advised not to deal in the specified PTCs from the suspension date.

Key Points

  • Trading suspension applies to FBRT-8.59%-1-1-26-PTC (ISIN: INE0BTV15246, Code: 959187)
  • Record date set for December 24, 2025
  • No dealings permitted from December 24, 2025
  • Purpose: Redemption of PTCs and payment of interest
  • Reference: DR-784/2025-2026

Regulatory Changes

No regulatory framework changes. This is a standard corporate action notification for PTC redemption and trading suspension.

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 communicate appropriately to clients
  • All transactions must cease for the mentioned security code effective from the suspension date

Important Dates

  • Notice Date: December 19, 2025
  • Record Date: December 24, 2025
  • No Dealings From: December 24, 2025

Impact Assessment

Market Impact: High - Complete suspension of trading eliminates liquidity for holders of these specific PTCs. Investors holding these securities will not be able to exit their positions from December 24, 2025.

Investor Impact: High - Investors on record as of December 24, 2025 will receive interest payment and redemption proceeds. Those wishing to trade must do so before the suspension date.

Operational Impact: Trading members must update their systems to block trading in the specified PTC and inform clients holding these securities about the upcoming redemption and trading suspension.

Impact Justification

Complete suspension of trading in specific PTCs affects investors' ability to trade these securities from December 24, 2025 onwards due to redemption event