Bond Trading Suspension, Power Finance Corporation Sets Record Date For Redemption
PFC will redeem its PFC-7.44 per cent-10-5-28-PVT bonds on April 23, 2025. BSE has suspended trading in these bonds from the same day to facilitate the redemption process. Members are advised to take note and refrain from dealing.
Redemption Announcement by Power Finance Corporation Ltd |
Mumbai: Power Finance Corporation Ltd (PFC) has announced the redemption of its privately placed bonds bearing the code PFC-7.44 per cent-10-5-28-PVT (ISIN: INE134E08MN4). The company has set April 23, 2025, as the record date for the redemption process. Accordingly, all bondholders registered by this date will be eligible to receive the redemption amount.
Trading Suspension on Record Date
The Bombay Stock Exchange (BSE) has notified trading members to refrain from dealing in these bonds from April 23, 2025, the same day as the record date. This suspension is a standard procedural step to facilitate the smooth processing of the bond redemption. The notice has been categorized under corporate actions in the debt segment with reference number DR-615/2025-2026.
Exchange Advisory to Members
All trading members are requested to take note of this development and avoid transactions involving the said bond from the specified date. This ensures compliance and avoids any discrepancies in bond redemption entitlements.
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