Description

BSE has directed trading members to suspend dealings in two bond series (IIFCLBDIS3 and IIFCLBDIS4) of India Infrastructure Finance Company Limited from March 13, 2026, due to redemption and interest payment on the record date.

Summary

BSE has issued a notice (No. 20260311-74) directing trading members to cease dealings in two bond series issued by India Infrastructure Finance Company Limited (IIFCL). The suspension is effective from March 13, 2026, which is also the record date fixed by the company for redemption of bonds and payment of interest.

Key Points

  • Trading members are advised not to deal in the specified IIFCL bonds from March 13, 2026
  • Two bond series are affected: IIFCLBDIS3 (ISIN: INE787H07032, Code: 961707) and IIFCLBDIS4 (ISIN: INE787H07040, Code: 961708)
  • The record date for both series is March 13, 2026
  • Purpose: Redemption of Bonds and Payment of Interest for both series
  • Reference: DR-839/2025-2026

Regulatory Changes

No new regulatory changes. This is a standard operational notice under existing BSE guidelines for suspension of trading in debt securities ahead of a record date for corporate actions.

Compliance Requirements

  • Trading members must not execute any transactions in IIFCLBDIS3 (INE787H07032) and IIFCLBDIS4 (INE787H07040) from March 13, 2026 onwards
  • Members operating in the Debt Market Segment must update their systems to reflect the trading suspension for these ISINs

Important Dates

  • Notice Date: March 11, 2026
  • Record Date / No Dealings From: March 13, 2026 (for both bond series)

Impact Assessment

The suspension affects participants in BSE’s Debt Market Segment who hold or trade in the two IIFCL bond series. Since both series are being redeemed, this represents a permanent cessation of trading rather than a temporary halt. Bondholders will receive redemption proceeds and final interest payment on/after the record date. Impact is limited to institutional and debt market participants; broader equity market is unaffected.

Impact Justification

Routine bond redemption and interest payment suspension notice affecting two specific IIFCL bond series; limited to debt segment participants dealing in these instruments.