Description

Trading suspension for Bank of Baroda's perpetual AT1 debentures effective 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 Non-Convertible Debentures (ISIN: INE028A08240, Code: 960413) effective January 13, 2026. The suspension is due to the bank exercising its call option for redemption and processing interest payment, with the record date set for January 13, 2026.

Key Points

  • Trading Members are advised not to deal in the specified debentures from January 13, 2026
  • The debenture is a perpetual Additional Tier 1 (AT1) privately placed instrument
  • Both redemption on exercise of call option and interest payment will occur
  • ISIN: INE028A08240, BSE Code: 960413
  • Coupon rate: 8.15%

Regulatory Changes

No new regulatory framework changes. This is a standard corporate action notice 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
  • Members must ensure no trades are executed in the suspended security
  • Compliance with record date provisions for determining eligible investors for interest payment and redemption proceeds

Important Dates

  • Notice Date: January 6, 2026
  • Record Date: January 13, 2026
  • No Dealings From: January 13, 2026

Impact Assessment

Market Impact: High - affects debt market liquidity for this specific instrument. Bondholders cannot trade the security from the suspension date.

Investor Impact: High for current holders - they will receive redemption proceeds and final interest payment based on holdings as of record date. No exit opportunity through secondary market after January 13, 2026.

Operational Impact: Trading members must update their systems to block trades in this security and inform clients holding these debentures about the redemption and trading suspension.

Impact Justification

Complete trading suspension of perpetual AT1 debentures of a major public sector bank affects debt market participants and bondholders immediately