Certificate of payment of Principal and Interest amount due on BASEL III Compliant Tier II Bond Series V (ISIN: INE483A08031)
Awaiting price reaction for this filing.
Central Bank of India has made full repayment of its BASEL III Tier II Bond Series V (ISIN: INE483A08031) on 20th May 2025 by exercising the call option, 5 years ahead of the original maturity date of 20th May 2030. The bank paid ₹500 crore towards principal redemption of all 5,000 bonds, along with ₹7.69 crore as annual interest. After this payment, the outstanding amount on this bond series stands at Nil. The interest and principal were paid on the scheduled due date with no delays.
This is a routine liability management exercise — the bank used its call option to retire a ₹500 crore Tier II capital bond early. For shareholders, it shows the bank is actively managing its capital structure with no negative implications; it simply reduces future interest obligations.