Bank of India (BOI) confirmed the full redemption of its 9.30% Additional Tier I Bonds Series VII, amounting to Rs. 602 crores, on March 30, 2026. The bank exercised its call option to repay the principal amount along with the calculated broken period interest. The original due date for redemption/maturity was ‘Not Applicable’ as the instrument was redeemed via the exercised call option.
Confirmation of Bond Redemption
Bank of India (BOI) has officially executed the redemption of its 9.30% BOI Additional Tier I Bonds Series VII. This action was taken following the successful exercise of the bank’s Call Option, as per the terms outlined in the bond issuance.
Key Redemption Details
The following table summarizes the critical parameters related to this corporate action, which took place on March 30, 2026:
- ISIN:
INE084A08144 - Redemption Type: Full redemption.
- Reason for Redemption: Call Option Exercised.
- Redemption Date: 30.03.2026.
- Quantity Redeemed (NCDs): 6020.
- Total Amount Redeemed: Rs. 602 crores.
- Outstanding Amount Post-Redemption: Nil.
Interest Payment Information
The final interest payment date for these bonds was recorded as 02/04/2025. In addition to the principal repayment, the bank also settled the amount of broken period interest paid, totaling Rs. 55,67,92,268, as part of today’s settlement.
This redemption settles the obligation for Series VII of the Additional Tier I Bonds, effective end-of-day on March 30, 2026.
Source: BSE
