Confirmation of payment of Principal and Interest on Debt Securities (ISIN-INE562A08065) 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 III by exercising the call option. The bank paid Rs. 47.26 crore as annual interest along with the principal amount of Rs. 560 crore on December 12, 2025 (paid one business day early as December 14 fell on a holiday). A total of 5,600 non-convertible debentures were redeemed, bringing the outstanding amount on this ISIN to Nil. The interest payment was made exactly on the due date with no delays or defaults.
This is a routine capital management action where the bank is exercising its right to redeem AT 1 bonds early. It reflects healthy capital adequacy and reduces future interest obligations, which is mildly positive for shareholders. No negative implications as the payment was made on time and within the bank's capital plan.