Indian Overseas Bank (IOB) has finalized the record dates for the upcoming coupon payments on its Basel III Tier II Bonds, Series IV and Series V. The coupon payments are due in March 2026. The record date for Series V (9.00% rate) is fixed at March 9, 2026, with payment on March 24, 2026. For Series IV (8.60% rate), the record date is March 16, 2026, with the final payment scheduled for March 31, 2026.
IOB Coupon Payment Schedule for Tier II Bonds
Indian Overseas Bank (IOB) is announcing the necessary record dates concerning the forthcoming coupon payments due in March 2026 for its Basel III Tier II Bonds, specifically Series IV and Series V. This disclosure ensures timely notification regarding the entitlements for the bondholders.
Bond Details and Key Dates
The following table summarizes the critical dates and rates associated with these bond series:
- Series IV Bonds (ISIN: INE565A08043): The coupon rate is set at 8.60%. The Record Date is fixed as March 16, 2026, resulting in a payment date of March 31, 2026.
- Series V Bonds (ISIN: INE565A08050): These bonds carry a higher coupon rate of 9.00%. The Record Date is set for March 9, 2026, with the coupon payment scheduled for March 24, 2026.
Please note that for both series, the initial date determined fell on a non-business day. Consequently, the Record Date has been adjusted to the next succeeding business day, as stipulated in the respective term sheets.
Official Communication
This official intimation was issued on February 27, 2026, by Ram Mohan K, Deputy Company Secretary, for the purpose of ensuring all necessary procedures for payment dissemination are followed correctly.
Source: BSE
