Indian Bank has announced updates regarding the exercise of call options on its outstanding AT 1 Bonds. The announcement covers Series II bonds of ₹1048 crore, Series III bonds of ₹560 crore, and Series IV bonds of ₹392 crore. The bank has received the necessary approval from the RBI for this call option exercise. The call option due dates are 08.12.2025, 14.12.2025 and 30.12.2025, respectively.
Call Option Exercise on AT1 Bonds
Indian Bank has provided an update on the exercise of call options related to its outstanding Additional Tier 1 (AT1) Bonds. The update includes details for three series of bonds.
Details of the Call Option
The announcement pertains to the following:
- Series II (ISIN-INE562A08057): Bonds amounting to ₹1048 crore
- Series III (ISIN-INE562A08065): Bonds amounting to ₹560 crore
- Series IV (ISIN-INE562A08073): Bonds amounting to ₹392 crore
The bank has secured the required prior approval from the Reserve Bank of India (RBI) to proceed with the call option exercise.
Call Option Due Dates
The first call option due dates for the respective series are as follows:
- Series II: 08.12.2025
- Series III: 14.12.2025
- Series IV: 30.12.2025
Source: BSE
