Disclosure in terms of SEBI Operation Circular- Chapter XIV of Centralised Database for Corporate Bonds/ Debentures
INDIANB · price
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Awaiting price reaction for this filing.
Indian Bank has filed its annual disclosure for 8 listed bond series (AT1 Perpetual, Tier 2, and Long-Term Bonds) on NSE, all totaling around 1.06 crore units. During FY 2024-25, the bank raised fresh capital by issuing two new long-term bond series — LTB Series I (Rs.500 crore equivalent, allotted September 2024) and LTB Series II (Rs.500 crore equivalent, allotted October 2024). Credit ratings on all outstanding bonds were reaffirmed by CRISIL and CARE — AA+ with Stable outlook for AT1 Perpetual Bonds and AAA with Stable outlook for Tier 2 and Long-Term Bonds. The bank exercised a call option on Tier 2 Bonds Series IV of Rs.1,500 crore on December 27, 2024, and redeemed Tier 2 Bonds Series I of Rs.500 crore on maturity on January 20, 2025. There were no defaults or delays in interest or principal payments during the year.
Routine regulatory disclosure — no negative news. Reaffirmed high-quality ratings (AA+/AAA) signal strong creditworthiness and continued investor confidence, while the Rs.2,000 crore of fresh bond issuance and timely call/redemption of Rs.2,000 crore of older Tier 2 bonds show active balance sheet management. Shareholders see no material risk to the stock from this filing.