Description

Trading suspension for BANK OF BARODA perpetual AT1 debentures (INE028A08240) effective December 31, 2025, due to redemption on exercise of call option.

Summary

BSE has announced the suspension of trading in BANK OF BARODA’s 8.15% perpetual AT1 private debentures (ISIN: INE028A08240, Scrip Code: 960413) effective December 31, 2025. The suspension is due to the company exercising its call option to redeem these debentures. Trading members are advised not to deal in these securities from the effective date.

Key Points

  • Company: BANK OF BARODA
  • Security: BOB-8.15%-PERPETUAL-AT1-PVT
  • ISIN: INE028A08240
  • Scrip Code: 960413
  • Reason: Redemption on Exercise of Call Option
  • Trading suspension effective from December 31, 2025
  • Reference: DR-788/2025-2026
  • Notice Number: 20251230-15

Regulatory Changes

No regulatory framework changes. This is a standard operational suspension pursuant to issuer’s exercise of call option on perpetual AT1 bonds.

Compliance Requirements

  • Trading members must not deal in the specified debentures from December 31, 2025
  • All exchange members are required to take note of this suspension
  • Positions in these securities should be closed or settled before the suspension date

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 of specific perpetual AT1 debentures of BANK OF BARODA. The suspension is limited to one security and follows normal redemption procedures.

Investor Impact: Debenture holders will receive redemption proceeds as per terms. No further trading opportunity available after December 30, 2025.

Operational Impact: Trading members must update systems to block trading in scrip code 960413 and ensure no new positions are created in this security.

Impact Justification

High severity due to immediate trading suspension, but medium impact as it affects only specific debenture holders of a single security. Important for debt market participants holding this perpetual AT1 bond.