Description

Trading suspended in Power Finance Corporation Ltd bonds (INE134E08LZ0) from December 30, 2025 due to redemption with record date set for the same day.

Summary

BSE has announced suspension of trading in bonds of Power Finance Corporation Ltd (ISIN: INE134E08LZ0, Code: 974471) effective December 30, 2025. The suspension is due to the company fixing the record date for redemption of its 7.58% bonds maturing on January 15, 2026. Trading members are advised not to deal in these bonds from the specified date.

Key Points

  • Bond series affected: PC-7.58%-15-1-26-PVT (Private placement)
  • ISIN: INE134E08LZ0
  • BSE Code: 974471
  • Record date for redemption: December 30, 2025
  • No dealings permitted from: December 30, 2025
  • Circular reference: DR-787/2025-2026
  • Notice number: 20251224-40

Regulatory Changes

No regulatory changes. This is a standard corporate action procedure for bond redemption.

Compliance Requirements

  • Trading members must not execute any trades in the specified bonds from December 30, 2025
  • Trading members must ensure their systems and operations reflect the trading suspension
  • All pending orders in these bonds should be cancelled or withdrawn before the suspension date

Important Dates

  • December 24, 2025: Circular issued
  • December 30, 2025: Record date for redemption; Trading suspension begins
  • January 15, 2026: Bond maturity date (implied from bond name)

Impact Assessment

Bondholders: Investors holding these bonds as of the record date will receive redemption proceeds. No action required beyond holding the bonds.

Trading Members: Must ensure compliance with the no-dealing directive to avoid regulatory issues. Any positions should be squared off before December 30, 2025.

Market Impact: Limited impact as this affects only one privately placed bond series nearing maturity. Standard redemption process with no systemic implications for the debt market.

Impact Justification

Affects specific bondholders and traders dealing in PFC bonds. Limited to single bond series with defined maturity. No broader market implications.