Description
BSE notifies trading members of the suspension of trading in debt securities of 2025 02 MFI COSECANT (SCRIP CODE 976470) due to maturity on May 11, 2025.
Summary
BSE has issued a notice (Notice No. 20260508-5) informing trading members that the debt securities of 2025 02 MFI COSECANT will mature and trading in these securities must cease effective May 11, 2025. The notice is issued under DR-627/2025-2026.
Key Points
- Trading in the debt securities of 2025 02 MFI COSECANT (SCRIP CODE: 976470) is suspended with effect from May 11, 2025.
- The affected security is a Pass-Through Certificate (PTC): MFIC-9.5%-12-5-26-PTC with ISIN INE1PKA15015.
- Trading members are explicitly advised not to deal in the aforesaid debt securities from the effective date.
- The notice was issued by Marian Dsouza, Assistant Vice President – Listing Compliance and Operations.
Regulatory Changes
No new regulatory framework is introduced. This is a standard operational notice pursuant to the maturity of a debt instrument listed on the BSE Debt segment.
Compliance Requirements
- All trading members of BSE must refrain from dealing in SCRIP CODE 976470 (ISIN: INE1PKA15015) with effect from May 11, 2025.
- Members are required to take note of the suspension and ensure no trades are executed in this security post the effective date.
Important Dates
- Notice Date: May 08, 2026
- Suspension Effective Date: May 11, 2025 (maturity date of the debt security)
Impact Assessment
The impact is limited to holders and traders of the specific PTC (MFIC-9.5%-12-5-26-PTC). As this is a maturity event, it is an expected and routine lifecycle occurrence for the instrument. No broader market disruption is anticipated. Trading members must update their systems to block transactions in this ISIN from the effective date.
Impact Justification
Routine maturity-driven trading suspension for a single debt security (PTC); affects only holders of ISIN INE1PKA15015 and is a standard lifecycle event with no broader market implications.