Description

Trading suspended in Punjab National Bank bonds (INE160A08092) from January 21, 2026 due to redemption with record date set for the same date.

Summary

BSE has announced the suspension of trading in specific bonds of Punjab National Bank (PNB) effective January 21, 2026. The bank has fixed January 21, 2026 as the record date for redemption of bonds with ISIN INE160A08092 (Code: 953383), carrying a coupon rate of 8.65% and maturing on February 5, 2026. Trading members are instructed not to deal in these bonds from the suspension date.

Key Points

  • Bond ISIN: INE160A08092 (BSE Code: 953383)
  • Bond Description: PNB-8.65%-5-2-26-PVT
  • Record Date: January 21, 2026
  • No Dealings From: January 21, 2026
  • Purpose: Redemption of Bonds
  • Notice Number: DR-803/2025-2026
  • Issuer: Punjab National Bank

Regulatory Changes

No regulatory changes introduced. This is a standard corporate action notice for bond redemption.

Compliance Requirements

  • Trading members must cease all dealings in the specified Punjab National Bank bonds from January 21, 2026
  • Trading members are required to note the record date and suspension date for operational compliance
  • No new trades should be executed in the affected bond scrip from the suspension date

Important Dates

  • January 16, 2026: Circular issued by BSE
  • January 21, 2026: Record date for bond redemption
  • January 21, 2026: Trading suspension effective date
  • February 5, 2026: Bond maturity date (implied from bond nomenclature)

Impact Assessment

Market Impact: Limited to holders of this specific Punjab National Bank bond series. The suspension is procedural and expected for bonds approaching redemption.

Investor Impact: Bondholders whose names appear on the record date (January 21, 2026) will receive redemption proceeds. Secondary market trading is no longer possible from the suspension date.

Operational Impact: Trading members must update their systems to block trading in this specific bond scrip to ensure compliance with the no-dealings instruction.

Impact Justification

Routine bond redemption affecting specific debt security holders. Trading suspension is procedural for redemption process. Limited broader market impact.