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Bank of India to Redeem 9.04% AT1 Bonds Series VI; Record Date Set for 13th January 2026

State-owned Bank of India announces exercise of call option on Additional Tier I Bonds, pledging principal and interest payment to bondholders on 28th January 2026.
Indian Masterminds Stories

New Delhi: State-owned Bank of India has announced its decision to exercise the call option on its 9.04% Additional Tier I (AT1) Bonds Series VI (ISIN: INE084A08136). The bank has also fixed Tuesday, 13th January 2026 as the record date for this purpose, according to an official exchange filing.

Details of the Call Option and Record Date

The AT1 Bonds Series VI were initially issued on 28th January 2021, in accordance with the terms outlined in the Information Memorandum dated 27th January 2021. These bonds carry an annual coupon rate of 9.04%, with the option for the bank to redeem them on 28th January 2026.

By exercising the call option, Bank of India will pay the bondholders the principal along with broken period interest on 28th January 2026. Following this payment, the bank’s liability to the bondholders will cease entirely, including any rights to further interest or principal payments.

Read also: Bank of India Signs MoU with CRPF to Extend BOI Rakshak Salary Package with Enhanced Benefits

Market Response

Following the announcement, shares of Bank of India closed at Rs 142.56, reflecting a slight decline of 0.52% at the Bombay Stock Exchange (BSE). Analysts suggest that the exercise of the call option is a routine financial management move, enabling the bank to optimize its capital structure and take advantage of prevailing interest rates.

About Bank of India

Bank of India, established in 1906 and headquartered in Mumbai, is a leading public sector bank in India. The bank offers a wide range of financial services including retail banking, corporate banking, investment services, and treasury operations. Known for its extensive branch network and commitment to financial inclusion, Bank of India plays a significant role in supporting India’s economic growth.

Read also: Bank of India Raises ₹2,500 Crore via Basel III Compliant Tier II Bonds to Strengthen Capital and Support Growth


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