Indian Bank has announced the record dates for the payment of yearly interest on its outstanding Long Term Infrastructure Bonds (LTB) Series I and Series II. For Series I, the record date is August 29, 2026, with interest payment due by September 15, 2026. For Series II, the record date is October 12, 2026, with interest payment due by October 26, 2026.
Interest Payment Record Dates for Infrastructure Bonds Announced
Indian Bank has officially set the record dates for the upcoming yearly interest payments on its outstanding Long Term Infrastructure Bonds (LTB) Series I and Series II. This announcement is made in accordance with SEBI regulations, ensuring transparency for bondholders.
Key Dates for Series I Bonds
For the Long Term Infrastructure Bonds Series I, with ISIN INE562A08099 and an interest rate of 7.24%, the designated record date is August 29, 2026. The interest payment for these bonds is scheduled for September 15, 2026. It is noted that September 13 and 14, 2026, are a Sunday and a holiday respectively, hence the payment will be made on the succeeding business day without any additional interest as per the offer document.
Key Dates for Series II Bonds
Similarly, for the Long Term Infrastructure Bonds Series II, identified by ISIN INE562A08107 and carrying an interest rate of 7.12%, the record date has been fixed for October 12, 2026. The interest payment for this series is due on October 26, 2026. As October 25, 2026, is a Sunday, the payment will be processed on the next business day, October 26, 2026, without any extra charges as per the terms of the issue.
These dates are crucial for investors holding these infrastructure bonds to ensure they are eligible for the interest payments.
Source: BSE
