Bank of India has officially announced its decision to exercise the Call Option on its 9.30% Additional Tier I Bonds Series VII (ISIN No. INE084A08144). The bank has fixed Friday, March 13th, 2026, as the Record Date for this action. Following the payment of the principal and broken interest on March 30th, 2026, the bank’s liability towards these bondholders will cease and be extinguished.
Mandatory Disclosure on Bond Call Option
Bank of India has issued a formal notice regarding the redemption of its outstanding debt instruments. The bank has decided to exercise the Call Option concerning the 9.30% Additional Tier I Bonds Series VII, identifiable by ISIN No. INE084A08144.
Key Dates Fixed for Redemption
To facilitate this exercise, the bank has set the following crucial deadlines:
- Record Date Fixation: Friday, March 13th, 2026. This date determines which bondholders are eligible for the redemption payment.
- Call Option and Payment Date: The final payment, including the principal amount and any broken period interest, will be made on March 30th, 2026.
Details of the Original Issuance
These specific bonds were originally issued on March 30th, 2021, based on the terms outlined in the Information Memorandum dated March 26th, 2021. The bonds carried a fixed annual coupon rate of 9.30%, payable annually, with the first available call option occurring on March 30th, 2026.
Effect of Redemption
Upon the successful payment of the call option amount (Principal) and the accrued interest for the broken period on March 30th, 2026, the bank confirms that its financial obligations to the holders of these specific bonds will cease and stand fully extinguished. This action closes out all rights and liabilities associated with the Series VII bonds.
The announcement, dated February 17, 2026, has been submitted to both the National Stock Exchange of India Ltd. and the BSE Ltd. for necessary record-keeping.
Source: BSE
