Description

BSE suspends trading in three T-Bills and sovereign gold bonds effective December 30, 2025 due to maturity on redemption date.

Summary

BSE has announced the suspension of trading for three debt securities - two Treasury Bills (182TB10126 and 364TB010126) and one Sovereign Gold Bond 2018 Series - effective December 30, 2025. The suspension is due to these instruments reaching their redemption date. Trading members are advised not to deal with these securities from the effective date.

Key Points

  • Three debt securities to be suspended from trading
  • 182-day T-Bill (ISIN: IN002025Y149, Scrip Code: 805086)
  • Sovereign Gold Bond 2018 Series (ISIN: IN0020170166, Scrip Code: 800282)
  • 364-day T-Bill (ISIN: IN002024Z388, Scrip Code: 805009)
  • Notice reference: DR-787/2025-2026
  • Circular issued by Assistant Vice President - Listing Compliance & Operations

Regulatory Changes

No regulatory changes. This is a standard operational notice regarding the suspension of trading in maturing debt instruments.

Compliance Requirements

  • Trading members must not execute trades in the specified T-Bills and sovereign gold bond from December 30, 2025
  • Members should update their trading systems to prevent transactions in these securities
  • Holders of these instruments should prepare for redemption process

Important Dates

  • December 29, 2025: Circular issuance date
  • December 30, 2025: Trading suspension effective date
  • Redemption Date: Date on which the T-Bills mature (implied to be after December 30, 2025)

Impact Assessment

Market Impact: Limited to holders and traders of the specific debt instruments mentioned. The suspension is a routine market operation that occurs when debt securities reach maturity.

Operational Impact: Trading members need to ensure their systems are updated to block trading in these three securities. Investors holding these instruments should coordinate with their brokers for the redemption process.

Investor Impact: Investors holding these T-Bills and sovereign gold bonds will receive their principal and applicable interest/returns upon redemption, but cannot trade these securities after December 30, 2025.

Impact Justification

Routine suspension notice for maturing debt instruments affecting specific T-Bills and gold bonds; impacts holders of these securities but is standard market procedure