Bank of India exercises call option on 9.30% Additional Tier I Bonds Series VII, sets March 13 record date.
Bank of India will exercise the call option on its 9.30% Additional Tier I Bonds Series VII. The record date for this exercise is set as March 13, 2026. The bonds were issued on March 30, 2021, with a call option date of March 30, 2026.
The exercise of a call option on existing debt instruments is a pre-defined event as per the bond's terms. It is not expected to have a significant impact on the bank's overall financial standing or stock performance.
The announcement is a routine exercise of a call option on bonds as per the terms of issue. It does not present new financial performance data or indicate a significant change in the company's financial health.
Bank of India has announced its decision to exercise the call option on its 9.30% Additional Tier I Bonds Series VII (ISIN No. INE084A08144).
The bank has fixed Friday, 13th March, 2026, as the record date for this purpose, in accordance with Regulation 60 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
These bonds were originally issued on 30th March, 2021, with a coupon rate of 9.30% per annum, payable annually. The call option was exercisable on 30th March, 2026. Upon payment of the principal amount and any broken period interest by the bank on 30th March, 2026, to the bondholders as of the record date, the bank's liability towards these bonds will cease and be extinguished.
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Bank of India filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Bank of India. Read the original for the full detail.