Indian Overseas Bank pays interest on BASEL III bonds

Indian Overseas Bank (IOB) announced that it has paid the annual interest on its BASEL III Tier-II Bonds Series IV (ISIN: INE565A08043) today, March 31, 2025. The issue size of the bonds is INR 665 Crore, with an interest amount of INR 57,19,00,000 paid on the due date. The interest frequency is annual, and the record date for the interest payment was March 7, 2025. IOB clarified that the previous interest payment occurred on April 2, 2024, with March 31, 2024, being a holiday and April 1, 2024, an annual closing day for accounts. The announcement, made to the BSE (Scrip Code: 532388) and NSE (Scrip Code: IOB), complies with Regulation 57 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.