Bank of India has announced its decision to exercise the call option on its 9.04% Additional Tier I Bonds Series VI (ISIN No. INE084A08136). The record date for this purpose is fixed as January 13, 2026. This exercise is in line with the terms mentioned in the Information Memorandum dated January 27, 2021. Payment will be made on January 28, 2026.
Call Option Exercise Details
Bank of India has decided to exercise the call option on its 9.04% Additional Tier I Bonds Series VI (ISIN No. INE084A08136). This decision follows the provisions outlined in Regulation 60 and the terms mentioned in the Information Memorandum.
Key Dates
The bonds were originally issued on January 28, 2021. The record date for the call option is fixed as January 13, 2026. Bondholders will receive payment, including broken period interest and the principal amount, on January 28, 2026.
Implications for Bondholders
Upon payment on January 28, 2026, Bank of India’s liability to the bondholders will cease, and all rights related to the bonds will be extinguished. The bonds carry a coupon rate of 9.04% per annum, payable annually.
Source: BSE