Description
Trading suspended in Bank of Baroda perpetual AT1 debentures from January 13, 2026 due to redemption on exercise of call option and interest payment.
Summary
BSE has suspended trading in Bank of Baroda’s 8.15% Perpetual AT1 Private Non-Convertible Debentures (ISIN: INE028A08240, Code: 960413) effective January 13, 2026. The suspension is due to the company fixing a record date for redemption on exercise of call option and payment of interest.
Key Points
- Trading Members are advised not to deal in the specified debentures from January 13, 2026
- The debenture affected is BOB-8.15%-PERPETUAL-AT1-PVT with ISIN INE028A08240
- Record date set for January 13, 2026
- Dual purpose: Redemption of debentures on exercise of call option and payment of interest
- Notice reference: DR-797/2025-2026
Regulatory Changes
No regulatory changes. This is a standard corporate action procedure for debenture redemption and interest payment.
Compliance Requirements
- Trading Members must cease all dealings in the specified Bank of Baroda debentures from January 13, 2026
- Trading Members are required to take note of this suspension and ensure compliance
Important Dates
- Notice Date: January 6, 2026
- Record Date: January 13, 2026
- No Dealings From: January 13, 2026
Impact Assessment
Market Impact: Medium - Trading suspension affects only a specific series of perpetual AT1 debentures of Bank of Baroda. Investors holding these securities will not be able to trade them from the suspension date.
Operational Impact: Low - This is a routine corporate action. Holders as of the record date will be eligible for interest payment and redemption proceeds if the call option is exercised.
Investor Impact: Medium - Debenture holders need to be aware that liquidity will be restricted from January 13, 2026. Those wishing to exit should do so before the suspension date.
Impact Justification
Trading suspension affects specific AT1 debenture holders but is a standard corporate action for call option exercise and interest payment