Indian Bank has confirmed the payment of principal and interest on its Debt Securities, specifically Basel III Compliant AT 1 Bonds Series III. The interest payment, amounting to Rs.47,26,40,000, was made on December 12, 2025, aligning with the terms of the call option exercise date. The bank remains compliant with SEBI regulations.
Principal and Interest Payment
Indian Bank has successfully paid both the principal and interest on its Debt Securities. This pertains to the Basel III Compliant AT 1 Bonds Series III.
Details of Interest Payment
The interest payment details are as follows:
- ISIN: INE562A08065
- Issue Size: Rs.560 Crore
- Interest Amount Paid: Rs.47,26,40,000
- Payment Frequency: Annually
- Actual Payment Date: December 12, 2025
- Last Interest Payment Date: December 16, 2024
The due date for principal and interest payment, initially set for December 14, 2025 (Sunday), was executed on December 12, 2025, due to preceding non-business days. This adjustment aligns with the Offer Document terms.
Details of Redemption
- ISIN: INE562A08065
- Type of Redemption: Full
- Redemption Reason: Call Option
- Redemption Date: December 12, 2025
- Redeemed Quantity: 5600
- Redemption Amount: Rs.560 Crore
- Last Interest Payment Date: December 16, 2024
The redemption date aligns with the call option, with payment executed on December 12, 2025, to accommodate weekend holidays.
Source: BSE