IDBI Bank Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/08/2025 ,inter alia, to consider and approve To consider proposal of exercise ....
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IDBI Bank's Board of Directors is scheduled to meet on August 16, 2025, to consider and approve the exercise of a Call Option on its 'IDBI Omni Tier 2 Bond 2015-16 Series I' (ISIN: INE008A08V00). The bond, worth Rs. 1,000 crore, carries an 8.620% coupon and was allotted on December 31, 2015, with a stated maturity of December 31, 2030. The call option window opens on December 31, 2025, meaning the bank plans to potentially redeem this bond before its final maturity date. The intimation has been filed with BSE under SEBI LODR Regulations 29, 30, 50, and 51.
Exercising the call option would mean IDBI Bank redeems Rs. 1,000 crore of Tier 2 capital ahead of schedule, which could reduce future interest expenses (currently at 8.620%) but also lowers the bank's Tier 2 capital base. For shareholders, this signals balance sheet management and potential cost savings if replaced with cheaper funding.