Notice regarding redemption of Bank''s outstanding Tier 2 Bonds Series II (ISIN- INE428A08044) on maturity and intimation of Record Date
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Indian Bank will redeem its 8.64% Basel III Compliant Tier 2 Bonds Series II (ISIN INE428A08044) aggregating to Rs. 1,000 crore on maturity on 21.12.2025. These bonds were originally allotted on 21.12.2015 with a 10-year tenor, so this is a scheduled, in-the-course maturity rather than any early prepayment or restructuring. Because the maturity date (21.12.2025) falls on a Sunday and 20.12.2025 is a Saturday, the bank will pay both the principal and the final interest on the preceding business day, i.e., 19.12.2025, as per the offer document. The Record Date for identifying eligible bondholders has been fixed as 05.12.2025.
This is a routine, pre-scheduled redemption with no negative read-through for shareholders or the stock; it simply means the bank will repay the Rs. 1,000 crore Tier 2 capital raised in 2015 along with the final coupon. Bondholders of record on 05.12.2025 will receive principal plus the last interest installment on 19.12.2025.