Description
Trading in BANK OF BARODA's perpetual AT1 debentures (INE028A08240) suspended from December 31, 2025 due to redemption on exercise of call option.
Summary
BSE has suspended trading in BANK OF BARODA’s 8.15% Perpetual AT1 Private debentures (ISIN: INE028A08240, Scrip Code: 960413) effective December 31, 2025. The suspension follows the issuer’s decision to redeem these debentures on exercise of call option. Trading members are advised not to deal in these securities from the effective date.
Key Points
- BANK OF BARODA exercising call option on perpetual AT1 debentures
- ISIN: INE028A08240, Scrip Code: 960413
- Coupon rate: 8.15%
- Trading suspension effective December 31, 2025
- Notice reference: DR-788/2025-2026
- Trading members prohibited from dealing in these debentures
Regulatory Changes
No regulatory changes. This is a standard corporate action following issuer’s exercise of call option on perpetual bonds.
Compliance Requirements
- Trading members must not execute any trades in the specified debentures from December 31, 2025
- Trading members must take note of the suspension and inform their clients accordingly
- No new positions should be created in these securities
Important Dates
- Notice Date: December 30, 2025
- Trading Suspension Effective Date: December 31, 2025
- Redemption Event: Exercise of Call Option by BANK OF BARODA
Impact Assessment
Market Impact: Medium - affects holders and traders of BANK OF BARODA’s perpetual AT1 bonds. Liquidity in these specific debentures will cease from December 31, 2025.
Investor Impact: Holders of these debentures will receive redemption proceeds as per the call option terms. The suspension prevents any further secondary market trading, which is standard for securities being redeemed.
Operational Impact: Trading members need to update their systems to prevent trades in these debentures and communicate the suspension to clients holding or interested in these securities.
Impact Justification
Affects trading in specific AT1 debentures of a major bank. Impact limited to holders of these perpetual bonds. Standard redemption process.