Loan & Debt3 Sept 2026, 01:20 pm
Bank of India Sets Sept 15, 2026 Record Date for Tier II Bond Redemption
AI Summary
Bank of India has announced the record date for the redemption of its 7.14% Basel III Compliant Tier II Bonds Series XV (ISIN No. INE084A08151) as Tuesday, September 15, 2026. The bank will exercise its call option on this date, as per the terms outlined in the Information Memorandum dated September 29, 2021. Bondholders as of the record date will receive the principal amount along with broken period interest. Upon payment, the bank's liability to these bondholders will cease and be extinguished.
Key Highlights
- Record date for Tier II Bond Series XV redemption fixed at September 15, 2026.
- Bank of India exercises call option on 7.14% Basel III Compliant Tier II Bonds.
- Bondholders to receive principal and broken period interest on redemption date.
- Bank's liability to bondholders will cease post-payment.
- Bonds were originally issued on September 30, 2021.
Price Impact
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