Description
Trading suspended in Punjab National Bank bonds (INE160A08092) from January 21, 2026 due to redemption with record date set for the same day.
Summary
Punjab National Bank has set a record date of January 21, 2026 for redemption of its 8.65% bonds maturing on February 5, 2026 (ISIN: INE160A08092, Code: 953383). Trading in these bonds will be suspended from January 21, 2026. Trading members are advised not to deal in these bonds from the suspension date.
Key Points
- Bond ISIN: INE160A08092 (Code: 953383)
- Bond Series: PNB-8.65%-5-2-26-PVT
- Record date for redemption: January 21, 2026
- Trading suspension effective: January 21, 2026
- Circular reference: DR-803/2025-2026
- Notice issued by: Marian Dsouza, Assistant Vice President – Listing Compliance and Operations
Regulatory Changes
No regulatory changes. This is a standard corporate action notice for bond redemption.
Compliance Requirements
- Trading members must not deal in the specified Punjab National Bank bonds from January 21, 2026
- Trading members should note the suspension and inform their clients accordingly
- No trading activity permitted in bond code 953383 from the specified date
Important Dates
- January 16, 2026: Circular issued
- January 21, 2026: Record date for bond redemption
- January 21, 2026: Trading suspension begins (no dealings permitted)
- February 5, 2026: Bond maturity date (implied from bond name)
Impact Assessment
The suspension affects holders of Punjab National Bank’s 8.65% bonds scheduled for redemption. This is a routine corporate action with limited market impact, affecting only investors holding this specific debt instrument. Trading members need to ensure compliance with the no-dealing directive from January 21, 2026. The suspension facilitates the orderly redemption process and prevents trading during the redemption window.
Impact Justification
Routine bond redemption affecting specific debt instrument; impacts bondholders but limited market-wide significance