Description
FRIEZA 06 2025 announces part redemption of PTCs with reduced face value effective January 30, 2026, with record date set for February 1, 2026.
Summary
FRIEZA 06 2025 (ISIN: INE26SJ15017, Code: 976876) has announced a part redemption of its Pass Through Certificates (PTCs) along with interest payment. The face value will be reduced from the original amount to Rs. 0.53 per PTC, effective January 30, 2026, under settlement number DR-809/2025-2026.
Key Points
- Security: FRIEZA 06 2025 (9.90% coupon, maturity December 17, 2026)
- ISIN: INE26SJ15017
- BSE Code: 976876
- Corporate action: Part redemption of PTCs and payment of interest
- Reduced face value: Rs. 0.53 per PTC
- Trading with reduced face value begins January 30, 2026
Compliance Requirements
- Trading members must note that trading in FRIEZA 06 2025 PTCs will be conducted with the reduced face value from the effective date
- All market participants should adjust their systems to reflect the new face value
Important Dates
- Notice Date: January 20, 2026
- Record Date: February 1, 2026 (for interest payment and part redemption eligibility)
- Effective Date: January 30, 2026 (trading commences with reduced face value)
- Settlement Number: DR-809/2025-2026
Impact Assessment
Debt Market Impact: This part redemption reduces the outstanding face value of FRIEZA 06 2025 PTCs to Rs. 0.53 per certificate. PTC holders on the record date will receive interest payment and partial principal redemption. The reduced face value will affect future coupon calculations and the remaining principal outstanding until the maturity date of December 17, 2026. Trading members must ensure proper accounting for the face value change in their systems to avoid settlement discrepancies.
Impact Justification
Standard debt instrument corporate action affecting PTC holders with face value reduction and interest payment