Description
Trading suspended in PTCs of First Business Receivables Trust from December 24, 2025 due to redemption and interest payment with record date set for the same date.
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 the effective date.
Key Points
- Trading suspended for FBRT-8.59%-1-1-26-PTC (ISIN: INE0BTV15246, Code: 959187)
- Record date set for December 24, 2025
- Purpose: Redemption of PTCs and payment of interest
- No dealings permitted from December 24, 2025 onwards
- Notice reference: DR-784/2025-2026
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notification.
Compliance Requirements
- Trading members must not execute any deals in the specified PTCs from December 24, 2025
- Trading members should inform their clients holding these PTCs about the suspension
- No fresh trading positions should be initiated in these securities
Important Dates
- Notice Date: December 19, 2025
- Record Date: December 24, 2025
- No Dealings From: December 24, 2025
Impact Assessment
Market Impact: Low - This suspension affects only a single series of PTCs from First Business Receivables Trust, limiting the market-wide impact.
Investor Impact: Medium for PTC holders - Existing holders will receive their redemption proceeds and final interest payment as per the terms. However, liquidity is eliminated from the record date onwards.
Operational Impact: Minimal - Standard corporate action processing for debt securities nearing maturity. Trading members need to update their systems to block trades in the specified security from December 24, 2025.
Impact Justification
Routine suspension for a single PTC series due to redemption, affecting only holders of this specific debt instrument with limited market-wide impact