Description
BSE notifies trading members of partial redemption of Pass Through Certificates (PTC) of ALPHA YIELD O23, with reduced face value of Rs. 56,250 per PTC effective May 18, 2026.
Summary
BSE has notified trading members that Mitcon Credentia Trusteeship Services Ltd. has informed the exchange of a partial redemption of Pass Through Certificates (PTC) issued under ALPHA YIELD O23. As a result of this partial redemption, the face value of the PTC will be reduced to Rs. 56,250 per PTC, effective May 18, 2026.
Key Points
- Mitcon Credentia Trusteeship Services Ltd. is the trustee for ALPHA YIELD O23 PTCs
- Partial redemption results in a reduced face value of Rs. 56,250 per PTC
- Scrip code: 975225
- ISIN: INE0RV815016
- Trading symbol: AYO-12.50%-23-11-27-PTC
- Reference: DR-632/2026-2027
Regulatory Changes
No new regulatory changes introduced. This circular communicates a corporate action (partial redemption) that reduces the face value of the PTC instrument in accordance with existing debt market listing regulations.
Compliance Requirements
- Trading members are required to take note of the revised face value of Rs. 56,250 per PTC for ALPHA YIELD O23
- All trades in this PTC instrument must reflect the updated reduced face value from the effective date onward
Important Dates
- Notice Date: May 15, 2026
- Effective Date for Reduced Face Value: May 18, 2026
Impact Assessment
This partial redemption reduces the face value of ALPHA YIELD O23 PTCs from the prior level to Rs. 56,250 per PTC. The impact is limited to holders and traders of this specific PTC instrument in the BSE debt segment. Trading members must update their systems to reflect the new face value from May 18, 2026, to ensure accurate pricing and settlement of trades.
Impact Justification
Routine partial redemption notice affecting a specific PTC instrument traded on BSE debt segment; impacts holders of ALPHA YIELD O23 PTCs with a reduced face value effective from May 18, 2026.