Bank of India to exercise call option on AT1 bonds

Bank of India has announced its intention to exercise the call option on its 9.04% Additional Tier I Bonds Series VI (ISIN No. INE084A08136). The bank has fixed Tuesday, January 13, 2026, as the record date for this purpose. This decision was communicated to both the National Stock Exchange of India Ltd. and BSE Ltd. on December 22, 2025.

The bonds, originally issued on January 28, 2021, with an information memorandum dated January 27, 2021, carry a coupon rate of 9.04% per annum, payable annually. The call option is scheduled for January 28, 2026. Upon payment of the broken period interest and the principal amount on January 28, 2026, to the bondholders as of the record date, the bank's liability to these bondholders will cease.