Indian Bank repays Basel III compliant AT1 bonds

Indian Bank confirmed the payment of principal and interest on its debt securities (ISIN-INE562A08057) on the call option exercise date, December 8, 2025. The payment was made for its Basel III Compliant AT 1 Bonds Series II, which had an issue size of Rs.1048 crore. The total interest paid amounted to Rs.88,45,12,000.

The redemption was a full payment, categorized as a Call Option. The bank redeemed 10,480 units, amounting to Rs.1048 crore. The outstanding amount for these securities is now nil.

The due date for interest payment was December 8, 2025. However, as this fell on a Sunday, the interest was paid on the succeeding business day, December 9, 2024, in accordance with the offer document.