Bank of India has released details regarding the upcoming annual interest payments for several privately placed bonds, including Tier I, Tier II, and LTB Infra series. The Interest Due Date for all specified instruments is set for April 1, 2026. Consequently, the Record Date for determining eligible bondholders across all series has been fixed for March 16, 2026. The actual payment date will be slightly adjusted to April 2, 2026, due to a bank holiday.
Annual Interest Payment Disclosure for Bondholders
Bank of India has formally communicated the schedule for annual interest payments concerning various bonds issued on a private placement basis, as per the applicable regulatory requirements. This notice serves to specify the Record Date necessary to identify eligible bondholders for the upcoming interest payout.
Key Interest and Record Dates
The Interest Due Date for all listed instruments is scheduled for April 1, 2026. The bank has set the Record Date as March 16, 2026. Please note that due to April 1, 2026, being a designated Bank Holiday in Mumbai, the actual interest payment will be processed on the subsequent working day, April 2, 2026.
Details of Affected Bond Series
The announcement covers nine different instruments across various categories, including Tier I, Tier II, and LTB Infra series, totaling a significant cumulative value. Below are the details for the instruments:
- Tier I – Series VIII: Coupon Rate of 8.57% on an issue size of ₹1,500 Crore.
- Tier II – Series XV: Coupon Rate of 7.14% on an issue size of ₹1,800 Crore.
- Tier II – Series XVI: Coupon Rate of 7.88% on an issue size of ₹2,000 Crore.
- Tier II – Series XVII: Coupon Rate of 7.49% on an issue size of ₹2,500 Crore.
- Tier II – Series XVIII: Coupon Rate of 7.28% on an issue size of ₹2,500 Crore.
- LTB Infra – Series I: Coupon Rate of 7.54% on an issue size of ₹5,000 Crore.
- LTB Infra – Series II: Coupon Rate of 7.41% on an issue size of ₹5,000 Crore.
- LTB Infra – Series III: Coupon Rate of 7.50% on an issue size of ₹2,690 Crore.
- LTB Infra – Series IV: Coupon Rate of 7.23% on an issue size of ₹10,000 Crore.
Action for Bondholders
This notification is specifically provided to confirm that the March 16, 2026 record date is established solely for the purpose of determining which Bondholders are eligible to receive the annual interest payment due on the specified date.
Source: BSE
