Confirmation of payment of Principal and Interest on Debt Securities (ISIN-INE428A08044) on redemption date
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Indian Bank has confirmed the full repayment of its Basel III Compliant Tier 2 Bonds Series II (ISIN: INE428A08044) at maturity. The bank paid the entire principal of Rs. 1,000 crore along with the final annual interest of Rs. 86.40 crore on December 19, 2025. The payment was made one working day ahead of schedule because the original due date of December 21, 2025 fell on a Sunday, and December 20 was a non-business day. After this redemption, the outstanding amount under this ISIN stands at nil, marking the complete retirement of this bond series.
This is a routine, on-schedule maturity event with no negative signal for shareholders. The bank has fully honored its Tier 2 bond obligation, and the outstanding amount on this instrument is now zero, slightly reducing future interest outgo.