Bank of India announces the redemption of its Basel III compliant Tier 2 bonds on the maturity date, December 31, 2025. The record date for the redemption is set for December 16, 2025. The total issued amount for redemption is ₹3,000 Cr. Trading of the bond will be suspended between the record date and the redemption date.
Bond Redemption Announcement
Bank of India has announced the redemption of its Basel III compliant Tier 2 bonds. This redemption will occur on the bond’s maturity date. The issued amount for this bond is ₹3,000 Cr.
Key Dates
The due date for interest and redemption is December 31, 2025. The record date, which is important for determining eligible bondholders, is set for December 16, 2025. This date is crucial for bondholders looking to receive their redemption amount.
Trading Suspension
The trading of the mentioned bond will be suspended from December 16, 2025 to December 31, 2025. This suspension is in place between the record date and the final redemption date to ensure a smooth and orderly redemption process. Upon payment, the bank’s liability to the bondholders will cease.
Source: BSE
