Indian Overseas Bank has successfully completed the annual interest payment for its BASEL III Tier-II Bonds Series IV. The bank disbursed a total of Rs. 57.19 crore to bondholders. The payment was executed on schedule, reflecting the bank’s commitment to its debt obligations for the fiscal year ending March 31, 2026.
Interest Payment Overview
Indian Overseas Bank has fulfilled its financial obligations regarding the annual interest payment for its BASEL III Tier-II Bonds (Series IV), identified by ISIN INE565A08043. This payment covers the annual interest cycle for the period ending March 31, 2026.
Transaction Details
The bank confirmed the distribution of Rs. 57,19,00,000/- in interest payments. The payment was processed on the due date of March 31, 2026, maintaining consistency with the previous year’s payment cycle. The issue size for this series stands at Rs. 665 crore. Investors who held the bonds as of the record date, March 16, 2026, were eligible for this distribution.
Commitment to Debt Obligations
By ensuring the timely disbursement of interest, Indian Overseas Bank continues to uphold its credit commitments. This transaction highlights the bank’s operational efficiency and adherence to the scheduled payout timelines for its subordinated debt instruments.
Source: BSE
