Indian Overseas Bank (IOB) confirmed the successful payment of its annual interest obligation for the BASEL III Tier-II Bonds Series V (ISIN: INE565A08050) on the due date, March 24, 2026. The total interest amount disbursed was Rs.90,00,00,000/- against an Issue Size of Rs.1000 Crore. The payment followed the record date of March 9, 2026, with no delays or non-payment reasons reported.
Interest Obligation Fulfilled for Bond Series V
Indian Overseas Bank (IOB) has officially notified stakeholders regarding the timely servicing of its debt obligations for the BASEL III Tier- II Bonds Series V. The payment confirmation relates to the annual interest payout for this specific security, identified by the ISIN INE565A08050.
The Bank successfully executed the Interest Payment on the scheduled due date, March 24, 2026, confirming that the required funds were disbursed on the Actual Date of Interest Paid, which matched the due date.
Key Payment Details
The disclosure outlines the specific parameters associated with this payment cycle:
- Interest Amount Paid: A significant sum of Rs.90,00,00,000/- was distributed.
- Total Issue Size: The underlying bond issue size stands at Rs.1000 Crore.
- Payment Frequency: The interest structure for these bonds is Annual.
- Record Date: The eligibility for this payment was determined based on the Record Date of March 09, 2026.
- Previous Payment: The date of the Last Interest Payment prior to this one was March 24, 2025.
Redemption Status
The announcement explicitly confirms that there are No Details of Redemption Payment to report at this time, as this transaction pertains strictly to an interest servicing event.
Source: BSE
