Indian Bank successfully completed the private placement of Long Term Infrastructure Bonds, aggregating a total of ₹5,000 crore. The bonds carry a coupon rate of 7.15% and were allotted on March 24, 2026. The issuance involved 5,00,000 bonds, each with a face value of ₹1.00 lakh, marking a significant capital raise for long-term financing needs.
Successful Capital Raise via Private Placement
Indian Bank announced the successful closure of its issuance of Long Term Infrastructure Bonds, raising a total of Rs.5000 crore through a private placement route. This move is intended to secure long-term funding for the bank’s infrastructure financing requirements.
Key Issuance Details
The specific details of the allotted bonds, Series III, are as follows:
- Coupon Rate and Type: The bonds carry a fixed coupon rate of 7.15%. They are classified as Senior, Rated, Listed, Unsecured, Redeemable, Long Term, Fully Paid-up, Non-Convertible Debentures.
- Issue Size: The total issuance size amounted to Rs.5000 crore.
- Number of Units: A total of 5,00,000 Bonds were allotted, with each bond having a face value of Rs.1.00 lakh.
- ISIN: The unique identification number for the bonds is INE562A08115.
Timeline of Allotment
The placement process was swift. The issue opened on 23.03.2026 and closed on the same day, 23.03.2026, using the BSE EBP Platform. The final date of allotment for the securities was officially recorded as 24.03.2026. The bank confirmed that the allotment was made to 04 allottees.
Source: BSE
