Central Bank of India has informed the Exchange about Certificate of payment of Principal and Interest amount due on BASEL III Compliant Tier II Bond Series V (ISIN: INE483A08031).
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Central Bank of India has fully redeemed its BASEL III Compliant Tier II Bond Series V (ISIN: INE483A08031) by exercising the call option on 20th May 2025, five years before the original maturity date of 20th May 2030. The bank paid ₹500 crore as principal along with ₹7.69 crore as interest to eligible bondholders. The outstanding amount on these bonds is now nil. The payment was made on the due date itself with no delay or non-payment issues.
The early redemption signals strong liquidity position and financial health of the bank, as it chose to repay ₹500 crore in Tier II capital ahead of schedule. This is a positive development for shareholders, reflecting prudent capital management and confidence in the bank's cash flows.