Description
Notification of reduced face value per PTC following partial redemption of TRINITY TRUST SEP 2025 PTCs, effective January 22, 2025.
Summary
BSE has notified trading members about the partial redemption of Pass Through Certificates (PTCs) issued by TRINITY TRUST SEP 2025. Following the partial redemption, the face value per PTC has been reduced to Rs. 6,985.55. Trading of these PTCs with the revised face value will commence from January 22, 2025.
Key Points
- TRINITY TRUST SEP 2025 PTCs (ISIN: INE2JU715017, Scrip Code: 977166) have undergone partial redemption
- New reduced face value: Rs. 6,985.55 per PTC
- Interest rate: 11.75%
- Maturity date: September 21, 2027
- Trading with reduced face value starts January 22, 2025
- Reference: DR-804/2025-2026
Regulatory Changes
No regulatory changes introduced. This is a corporate action notification regarding debt instrument redemption.
Compliance Requirements
- Trading members must take note of the reduced face value for TRINITY TRUST SEP 2025 PTCs
- All trades executed from January 22, 2025 onwards must reflect the new face value of Rs. 6,985.55 per PTC
- Members should update their systems to reflect the revised face value
Important Dates
- January 21, 2026: Notice date
- January 22, 2025: Effective date for trading with reduced face value (Note: This appears to be a typographical error in the original circular; likely intended as January 22, 2026)
Impact Assessment
Debt Market Impact: The partial redemption reduces the outstanding principal amount for PTC holders. Investors holding these instruments will receive partial repayment while continuing to hold PTCs with reduced face value. The change affects valuation and yield calculations for these instruments. Trading members and investors must update their records to reflect the new face value to ensure accurate pricing and settlement.
Impact Justification
Affects holders of specific PTCs with reduced face value post partial redemption; material information for debt instrument investors