Description

BSE suspends trading in Bank of Baroda's perpetual AT1 debentures from January 12, 2026 due to redemption on exercise of call option and interest payment.

Summary

BSE has announced the suspension of trading in Bank of Baroda’s 8.15% Perpetual AT1 Private Non-Convertible Debentures (ISIN: INE028A08257, Code: 960435) effective January 12, 2026. The suspension is due to the bank fixing a record date for redemption on exercise of call option and payment of interest. Trading members are advised not to deal in these debentures from the suspension date.

Key Points

  • Trading suspension applies to Bank of Baroda’s 8.15% Perpetual AT1 debentures
  • ISIN: INE028A08257, BSE Code: 960435
  • Record date fixed: January 12, 2026
  • Purpose: Redemption on exercise of call option and payment of interest
  • No dealings permitted from January 12, 2026
  • Notice reference: DR-796/2025-2026

Regulatory Changes

No new regulatory changes introduced. This is a standard operational notice for corporate action processing.

Compliance Requirements

  • Trading members must not execute any trades in the specified debentures from January 12, 2026
  • Trading members must inform their clients holding these debentures about the trading suspension
  • Adherence to record date requirements for entitlement determination

Important Dates

  • Notice Date: January 1, 2026
  • Record Date: January 12, 2026
  • No Dealings From: January 12, 2026

Impact Assessment

Market Impact: Limited to holders of this specific AT1 bond issuance. The suspension is temporary and related to corporate action processing. Investors holding these perpetual debentures will be identified as of the record date for redemption proceeds and interest payment.

Investor Impact: Debenture holders will receive interest payment and redemption proceeds based on holdings as of January 12, 2026. No trading liquidity available from suspension date.

Operational Impact: Trading members must update their systems to block trading in this specific ISIN and communicate suspension to affected clients.

Impact Justification

Trading suspension affects specific AT1 debenture holders but limited to single instrument; impacts debt market participants holding BOB perpetual bonds