Description
NSE suspends trading in Punjab National Bank's Non-Convertible Debenture (ISIN: INE141A08035) effective October 10, 2025 due to redemption.
Summary
The National Stock Exchange of India has announced the suspension of trading in a Non-Convertible Debenture (Privately Placed) issued by Punjab National Bank. The suspension is effective from October 10, 2025, and is being implemented due to the redemption of the instrument. This action is taken in pursuance of Regulation 3.1.2 of the National Stock Exchange Debt Market (Trading) Regulations Part A.
Key Points
- Single NCD of Punjab National Bank to be suspended from trading
- ISIN: INE141A08035
- Suspension effective date: October 10, 2025
- Reason: Redemption of the debenture
- Action taken under NSE Debt Market Trading Regulations Part A, Regulation 3.1.2
- Circular reference number: 1985/2025
- NSE reference number: NSE/CML/70731
Regulatory Changes
No new regulatory changes introduced. This circular implements existing NSE Debt Market (Trading) Regulations Part A, specifically Regulation 3.1.2, which governs the suspension of debt securities from trading.
Compliance Requirements
- All NSE members must cease trading in the specified Non-Convertible Debenture (ISIN: INE141A08035) from October 10, 2025
- Members should update their trading systems to reflect the suspension
- No new positions can be created in this instrument from the suspension date
Important Dates
- Circular Date: October 09, 2025
- Suspension Effective Date: October 10, 2025
- Reason Trigger Date: Redemption date of the NCD
Impact Assessment
Market Impact: Minimal. This is a routine administrative action affecting a single privately placed debt instrument. The suspension is due to the natural maturity and redemption of the debenture.
Investor Impact: Low. Investors holding this NCD will receive redemption proceeds as per the terms of the instrument. No trading will be possible after October 10, 2025.
Operational Impact: Minimal operational changes required. Exchange members need to update trading systems to block trades in this specific ISIN.
Issuer Impact: Routine corporate action for Punjab National Bank as part of debt liability management and scheduled redemption obligations.
Impact Justification
Routine suspension of a single NCD due to scheduled redemption. Limited market impact as this affects only one debt instrument of Punjab National Bank.