Indian Bank has confirmed the payment of principal and interest on its Debt Securities, specifically Basel III Compliant Tier 2 Bonds Series II. The interest payment of Rs. 86,40,00,000 was made on 19.12.2025. The redemption of principal, amounting to Rs. 1000 crore, also occurred on the same date. The bank has successfully fulfilled its obligations related to these securities.
Debt Securities Payment Details
Indian Bank confirms the successful payment of both principal and interest on its Debt Securities, Basel III Compliant Tier 2 Bonds Series II (ISIN-INE428A08044). This announcement confirms adherence to the terms of the debt offering and regulatory requirements.
Interest Payment
The details of the interest payment are as follows:
- Interest Amount Paid: Rs. 86,40,00,000
- Due Date of Payment: 19.12.2025
- Actual Date of Payment: 19.12.2025
- Last Interest Payment Date: 21.12.2024
- Payment Frequency: Annually
Principal Redemption
The bank also redeemed the debt securities. Key details include:
- Redemption Date: 19.12.2025
- Amount Redeemed: Rs. 1000 Crore
Reason for Early Payment
Due to 21.12.2025 falling on a Sunday and 20.12.2025 being a non-business day, both principal and interest payments were made on 19.12.2025, the immediately preceding business day, as per the terms of the Offer Document.
Source: BSE