Indian Overseas Bank has informed the Exchange regarding 'Security Cover Certificate for the quarter ended 30.06.2025'.
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Indian Overseas Bank has filed a Security Cover Certificate with the stock exchanges for the quarter ended June 30, 2025, as required under SEBI (LODR) Regulation 54(2)/(3). The bank has three outstanding series of Basel III Tier II Bonds, all issued on a private placement basis and all unsecured: Series III of ₹500 crore (issued September 2019), Series IV of ₹665 crore (issued March 2022), and Series V of ₹1,000 crore (issued March 2023), taking the total listed debt outstanding to ₹2,165 crore. Joint Statutory Central Auditor Tej Raj & Pal has confirmed that the bank has complied with all financial covenants in the Information Memorandum and Debenture Trust Deeds for these bonds. Since all listed debt securities are unsecured in nature, no security cover ratio is applicable.
This is a routine quarterly regulatory compliance filing and does not signal any change in business or financial health. Equity shareholders are not directly affected; the disclosure is primarily relevant for existing debenture holders and serves to confirm covenant compliance.