Description

BSE notifies trading members that debt securities of Infrastructure Leasing & Financial Services Limited and National Housing Bank will mature on March 9, 2026, with trading suspended effective March 6, 2025.

Summary

BSE has issued a notice (No. 20260305-7) informing trading members that debt securities of Infrastructure Leasing & Financial Services Limited (ILFS) and National Housing Bank (NHB) are scheduled to mature on March 9, 2026. Trading in these securities is suspended with effect from March 6, 2025, as per DR-834/2025-2026.

Key Points

  • Two debt securities are maturing on March 9, 2026 and are subject to trading suspension
  • ILFS security: Scrip Code 953589, ISIN INE871D07OY8, 8.80% coupon rate, private placement
  • NHB security: Scrip Code 974622, ISIN INE557F08FO5, 7.79% coupon rate, private placement
  • Trading members are advised not to deal in these securities effective March 6, 2025
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations

Regulatory Changes

No new regulatory changes introduced. This is a standard operational notice under existing BSE debt market regulations governing the suspension of trading in maturing debt instruments.

Compliance Requirements

  • Trading members must cease all dealing in Scrip Code 953589 (ILFS-8.80%-09-03-26-PVT) effective March 6, 2025
  • Trading members must cease all dealing in Scrip Code 974622 (NHB-7.79%-9-3-26-PVT) effective March 6, 2025
  • Members holding these securities should prepare for maturity settlement on March 9, 2026

Important Dates

  • March 6, 2025: Effective date of trading suspension for both securities
  • March 9, 2026: Maturity date for both ILFS and NHB debt securities

Impact Assessment

The suspension affects only the two listed privately placed debt securities ahead of their scheduled maturity. Impact is limited to trading members and institutional investors holding these specific instruments. This is a routine administrative action with no broader market implications. Holders should expect maturity redemption proceeds on March 9, 2026.

Impact Justification

Routine maturity-driven trading suspension affecting two specific debt securities; limited to members holding these instruments and does not reflect broader market disruption.