Indian Bank fixes record dates for LTB Series I and II interest payments
Indian Bank has announced the record dates for annual interest payments on its Long Term Infrastructure Bonds Series I and Series II. Series I bondholders will receive 7.24% interest, payable on September 15, 2026, after an adjustment for Ganesh Chaturthi. Series II bondholders will receive 7.12% interest, payable on October 26, 2026, following a weekend adjustment. Both series have an issue amount of Rs. 5000 crore.
*this image is generated using AI for illustrative purposes only.
Indian Bank has fixed the record dates for the payment of yearly interest on its outstanding Long Term Infrastructure Bonds (LTB) Series I and Series II. The bank notified the National Stock Exchange of India Limited and BSE Limited regarding these dates in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This announcement ensures that eligible bondholders are aware of the specific dates required to be on the register to receive their annual interest entitlements.
Interest Payment Schedule
The bank has outlined the specific terms for both tranches, including the issue amounts, interest rates, and adjusted payment dates due to holidays and non-business days.
| Tranche | ISIN No. | Issue Amount (Rs. in Crore) | Interest Rate | Record Date | Due Date |
|---|---|---|---|---|---|
| Long Term Infrastructure Bonds Series I | INE562A08099 | 5000 | 7.24% (payable annually) | 29.08.2026 | 15.09.2026 |
| Long Term Infrastructure Bonds Series II | INE562A08107 | 5000 | 7.12% (payable annually) | 12.10.2026 | 26.10.2026 |
Payment Adjustments
The actual dates for interest payment have been adjusted from the originally scheduled due dates to accommodate public holidays and weekends, as per the terms of the Offer Document.
For Long Term Infrastructure Bonds Series I, the original due date was September 13, 2026. However, as this date falls on a Sunday and September 14, 2026, is a holiday (Ganesh Chaturthi), the interest will be paid on the succeeding business day, September 15, 2026. No additional interest will be paid for this delay.
Similarly, for Long Term Infrastructure Bonds Series II, the original due date was October 25, 2026. Since this date falls on a Sunday, the interest will be paid on the succeeding business day, October 26, 2026. Again, no additional interest will be accrued for this adjustment.
Additionally, for Series II, the record date was set to October 12, 2026, rather than 15 calendar days prior to the payment date, because that earlier date fell on a non-business day. The succeeding business day was considered as the record date in accordance with the relevant Offer Document.
Regulatory Compliance
The notification was issued under Reference No. ISC/171/2026-27 on August 3, 2026. The communication was signed by Dina Nath Kumar, AGM & Company Secretary, confirming the bank's adherence to regulatory disclosure requirements for its listed debt instruments.
Historical Stock Returns for Indian Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.25% | +1.60% | +7.61% | -9.62% | +33.07% | +620.42% |
How might the fixed interest rates of 7.24% and 7.12% compare to emerging yields in the Indian infrastructure debt market over the next fiscal year?
What impact could the upcoming record dates have on the secondary market trading volume and price volatility of these bond tranches?
Will Indian Bank consider issuing additional Long Term Infrastructure Bond series in the near future to fund ongoing capital expenditure projects?
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