Confirmation of payment of Principal and interest on Debt Securities (ISIN-INE562A08057) on Call Option Exercise Date
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Indian Bank has fully redeemed its Basel III Compliant Additional Tier 1 (AT 1) Bonds Series II (ISIN: INE562A08057) by exercising the call option on the due date of 08 December 2025. The bank paid the entire principal amount of Rs. 1,048 crore along with the annual interest of Rs. 88.45 crore (approximately 8.44% coupon) on the same day. A total of 10,480 non-convertible debentures were redeemed, leaving nil outstanding amount under this ISIN. The disclosure is filed under SEBI LODR Regulation 57 as a routine regulatory compliance confirming timely debt servicing.
This is a routine, planned redemption of AT 1 capital bonds via the bank's call option, indicating healthy capital management. Shareholders need not worry — no impact on equity, though the bank will need to manage its AT 1 capital position going forward.