Bank of India has announced the exercise of its call option on the 7.14% Tier II Bonds Series XV, with ISIN INE084A08151. The record date for this action has been fixed as September 15, 2026. Upon payment of the principal and broken period interest on September 30, 2026, the bank’s liability to the bondholders will cease.
Bank of India Exercises Call Option on Tier II Bonds
Bank of India has officially declared its decision to exercise the call option on its outstanding 7.14% Tier II Bonds Series XV, identified by ISIN INE084A08151. This action is in accordance with the provisions of SEBI regulations.
Key Dates and Implications
The bank has set September 15, 2026, as the record date for this exercise. The bonds were originally issued on September 30, 2021, with a coupon rate of 7.14% payable annually. The call option becomes exercisable on September 30, 2026.
Following the payment of the call option amount (principal) and any accrued broken period interest by the bank on September 30, 2026, the bank’s obligations towards the holders of these bonds will be extinguished.
Source: BSE
