The South Indian Bank Limited has informed the Exchange about Copy of Newspaper Publication
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South Indian Bank has informed the exchanges about the newspaper publication of a notice sent to bondholders of its Basel III compliant Tier 2 Bonds (ISIN INE683A08036), originally issued on November 28, 2017 with a total issue size of Rs. 490 crore and a coupon rate of 9.50% per annum. The bank has decided to exercise its call option and redeem the entire bond issue at par on September 12, 2025, well before the original maturity date of November 28, 2028. The record date for identifying eligible bondholders is August 28, 2025, and interest will be paid up to September 11, 2025. The advertisements were published in Financial Express (All India edition) and Deepika (All Kerala edition) on August 21, 2025.
This is a routine regulatory disclosure about early redemption of Tier 2 bonds and has no direct impact on equity shareholders. For bondholders, principal along with accrued interest will be paid on September 12, 2025; the bank's decision to call these bonds early suggests it is actively managing its capital structure.