Indian Bank has successfully completed the full redemption of its Basel III Compliant AT1 Bonds Series IV, exercising the call option on December 30, 2025. The bank disclosed this development under Regulation 57 of SEBI (LODR) Regulations, 2015, confirming the payment of both principal and interest on the debt securities.

Bond Redemption Details

The bank redeemed the entire issue through call option exercise, with the following key parameters:

The bonds were originally issued as perpetual instruments, but the bank chose to exercise its call option for full redemption on the specified date.

Interest Payment Completion

Simultaneously with the redemption, Indian Bank paid the annual interest on these AT1 bonds as scheduled:

Regulatory Compliance

The bank confirmed that both interest and redemption payments were made on the due date without any delays. This transaction represents the complete closure of the Basel III Compliant AT1 Bonds Series IV, with no remaining outstanding obligations to bondholders.

The redemption through call option exercise demonstrates the bank's proactive debt management strategy, allowing it to retire the perpetual bonds at its discretion. The timely completion of both interest payment and principal redemption reflects the bank's commitment to honoring its debt obligations as per the original terms and conditions.

Indian Bank has announced the record date for annual interest payment on its outstanding Tier2 Bonds Series III, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank communicated this information to both NSE and BSE through an official notification dated December 22, 2025.

Bond Details and Interest Payment Schedule

The Tier2 Bonds Series III carry specific parameters for the upcoming interest payment cycle:

Payment Date Adjustment

The original due date for interest payment was January 25, 2026. However, due to this date falling on a Sunday (holiday) and January 26, 2026 being a public holiday, the interest payment will be made on the succeeding working day, January 27, 2026. Importantly, no additional interest will be charged for this delay, as per the terms outlined in the offer document.

Record Date Determination

According to the relevant offer document provisions, when the date falling 15 calendar days prior to the interest payment day is a non-business day, the succeeding business day is considered as the record date. This regulatory framework ensures proper settlement procedures while accommodating holiday schedules.

Regulatory Compliance

The announcement fulfills the bank's disclosure obligations under SEBI regulations. Indian Bank has provided this information to both major stock exchanges where it is listed - NSE (Symbol: INDIANB) and BSE (Scrip Code: 532814) - ensuring transparent communication with bondholders and the investment community.

This interest payment represents the bank's commitment to servicing its debt obligations on schedule, maintaining investor confidence in its Tier2 capital instruments.