Indian Bank has confirmed the timely payment of interest on its Long Term Infrastructure Bonds Series I. The bank disbursed an amount of Rs.362,00,00,000/- on the due date of 15.09.2026. This payment, in line with the terms of the issue and the Offer Document, reassures investors of the bank’s commitment to its financial obligations and the stability of its debt instruments.
Indian Bank Confirms Interest Payment for Infrastructure Bonds
Indian Bank has officially confirmed the successful and timely payment of interest on its Long Term Infrastructure Bonds Series I. This disclosure, made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provides crucial assurance to investors and stakeholders regarding the bank’s adherence to its financial commitments.
Key Payment Details
The interest payment pertains to the ISIN INE562A08099, associated with the bank’s Long Term Infrastructure Bonds Series I. The total interest amount paid on the due date amounted to Rs.362,00,00,000/- (Rupees Three Thousand Six Hundred and Twenty Crore Only). The due date for this payment was 15.09.2026, and the bank successfully met this obligation on the stated date.
The issue size for these bonds was stated as Rs.5000 Crore. The interest payment frequency for these bonds is Annual, with the last interest payment recorded on 15.09.2025. The record date for this specific interest payment was 29.08.2026.
Adherence to Terms
The document clarifies that while the official due date was 15.09.2026, the preceding days included a Sunday (13.09.2026) and a public holiday (Ganesh Chaturthi on 14.09.2026). Consequently, the interest was paid on the subsequent Business Day, 15.09.2026, without any additional interest, as stipulated in the Offer Document for the Issue.
Source: BSE
