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 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 effective March 6, 2025, as per DR-834/2025-2026.
Key Points
- Two debt securities are maturing on March 9, 2026
- ILFS scrip code 953589 (ISIN: INE871D07OY8) — ILFS-8.80%-09-03-26-PVT
- NHB scrip code 974622 (ISIN: INE557F08FO5) — NHB-7.79%-9-3-26-PVT
- Trading members are advised not to deal in these securities from March 6, 2025 onward
- Circular reference: DR-834/2025-2026
Regulatory Changes
No new regulatory changes. This is a standard operational notice under existing BSE debt market rules for securities approaching maturity.
Compliance Requirements
- Trading members must cease trading in scrip codes 953589 and 974622 effective March 6, 2025
- Members must ensure no new trades are executed in these ISIN codes after the suspension date
Important Dates
- Suspension Effective Date: March 6, 2025
- Maturity Date: March 9, 2026
- Circular Date: March 5, 2026
Impact Assessment
Impact is limited to holders and traders of these two specific private placement debt securities. ILFS carries an 8.80% coupon and NHB carries a 7.79% coupon. Upon maturity, principal repayment will be processed. No broader market disruption is expected as this is a routine end-of-life suspension for maturing instruments.
Impact Justification
Routine maturity-based trading suspension for two debt securities; affects only holders of these specific instruments with a defined maturity date.