Indian Bank will exercise the Call Option on its outstanding Tier 2 Bonds Series V (ISIN-INE562A08081), aggregating to Rs.2000 crore. The call option is due on January 13, 2026, and the record date for this is December 29, 2025. This decision is subject to prior approval from RBI.
Call Option Exercise
Indian Bank has announced its decision to exercise the call option on its Tier 2 Bonds Series V. The bonds, identified by ISIN-INE562A08081, have a total value of Rs.2000 crore. This exercise is contingent upon receiving the necessary approvals from the Reserve Bank of India (RBI).
Key Dates
The following dates are relevant to the call option exercise:
- Allotment Issue Date: 13.01.2021
- First Call / Option Exercise Date: 13.01.2026
- Record Date: 29.12.2025
The bonds in question are 6.18% Indian Bank Basel III Compliant Tier 2 Bonds Series V.
Source: BSE