Description

Trading suspended in IDBI BANK LTD bonds (IDBI-8.80%-9-2-26-PVT) from January 23, 2026 due to redemption record date.

Summary

BSE has announced the suspension of trading in bonds of IDBI BANK LTD effective January 23, 2026. The suspension is due to the company fixing a record date for redemption purposes. Trading members are advised to cease all dealings in the specified bond from the suspension date.

Key Points

  • Trading suspended for IDBI BANK LTD bond with ISIN INE008A08V26 (Code: 953385)
  • Bond series: IDBI-8.80%-9-2-26-PVT (8.80% coupon rate)
  • Record date for redemption: January 23, 2026
  • No dealings permitted from: January 23, 2026
  • Notice number: DR-805/2025-2026
  • Issuer: Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes. This is a standard operational circular implementing existing bond redemption procedures.

Compliance Requirements

  • Trading members must not execute any transactions in the specified IDBI BANK bond (INE008A08V26) from January 23, 2026 onwards
  • All market participants should update their trading systems to reflect the suspension
  • Ensure client orders for this security are rejected from the suspension date

Important Dates

  • January 20, 2026: Circular issued
  • January 23, 2026: Record date for bond redemption
  • January 23, 2026: Trading suspension effective date (no dealings from this date)

Impact Assessment

Market Impact: Limited to holders and potential traders of this specific IDBI BANK bond series. The suspension is temporary and related to the redemption process, affecting only one debt instrument.

Operational Impact: Trading members must ensure compliance systems are updated to prevent inadvertent trading in the suspended security. Bondholders as of the record date will be eligible for redemption proceeds.

Investor Impact: Investors holding this bond will receive redemption proceeds. No trading liquidity available from suspension date, which is standard for bonds approaching redemption.

Impact Justification

Routine bond redemption affecting specific IDBI BANK debt security with limited broader market impact