Description

BSE has notified trading members to suspend dealings in YES BANK LTD. bonds (YESBANK-9%-31-03-26-PVT, INE528G08337) effective March 18, 2026, due to the record date for redemption and interest payment.

Summary

BSE has issued a notice (No. 20260313-47) informing trading members that YES BANK LTD. has fixed a record date of March 18, 2026 for the redemption and interest payment of its privately placed bonds (YESBANK-9%-31-03-26-PVT). Trading members are directed not to deal in these bonds from March 18, 2026 onwards.

Key Points

  • YES BANK LTD. has fixed March 18, 2026 as the record date for redemption of bonds and payment of interest
  • The affected bond: YESBANK-9%-31-03-26-PVT (ISIN: INE528G08337, Code: 953688)
  • Trading in these bonds is suspended effective March 18, 2026
  • The circular reference is DR-842/2025-2026
  • Notice issued by Marian Dsouza, Assistant Vice President – Listing Compliance And Operations

Regulatory Changes

No new regulatory changes. This is a standard corporate action notification requiring suspension of trading in the specified bond ahead of its redemption record date.

Compliance Requirements

  • Trading members must not deal in YES BANK bonds (ISIN: INE528G08337, Code: 953688) from March 18, 2026
  • Members are required to take note of and comply with the no-dealings directive from the specified date

Important Dates

  • Notice Date: March 13, 2026
  • Record Date: March 18, 2026 (for redemption and interest payment)
  • No Dealings From: March 18, 2026
  • Bond Maturity: March 31, 2026 (as indicated in bond name YESBANK-9%-31-03-26-PVT)

Impact Assessment

This suspension affects trading in a specific privately placed YES BANK bond series carrying a 9% coupon rate, maturing March 31, 2026. The impact is limited to holders and traders of this particular bond instrument. The suspension is a standard pre-redemption measure to ensure clean settlement of the final interest and principal repayment. Bondholders will receive redemption proceeds and final interest payment after the record date.

Impact Justification

Routine bond redemption and interest payment suspension affecting a specific YES BANK bond series maturing March 31, 2026; impacts only holders of this specific bond instrument.