Mumbai: Indian Overseas Bank (IOB) has paid annual interest of ₹45.40 crore on its Basel III Tier-II Bonds Series III on the scheduled due date of September 24, 2026.
The public sector bank informed the stock exchanges about the interest payment on September 24, confirming that the annual debt servicing obligation was fulfilled on time.
IOB Pays Annual Interest on ₹500 Crore Bond Issue
The interest payment relates to IOB’s Basel III Tier-II Bonds Series III, which have an issue size of ₹500 crore.
The bank made the annual interest payment on the scheduled due date. The transaction relates only to the interest obligation, with no redemption payment applicable on this date.
Key Interest Payment Details
- Bank: Indian Overseas Bank
- Instrument: Basel III Tier-II Bonds Series III
- Issue Size: ₹500 crore
- Annual Interest Paid: ₹45.40 crore
- Record Date: September 9, 2026
- Due Date: September 24, 2026
- Actual Payment Date: September 24, 2026
- Last Interest Payment Date: September 24, 2025
- Redemption Payment: Not applicable
Interest Payment Made on Scheduled Due Date
IOB completed the annual interest payment on September 24, 2026, which was the scheduled due date.
The payment represents the bank’s annual interest obligation under the Basel III Tier-II Bonds Series III. Since the transaction was an interest payout, there was no redemption amount payable to bondholders on the date.
The record date for determining the eligible holders for the interest payment was September 9, 2026.
Disclosure Under SEBI Regulation 57
Indian Overseas Bank disclosed the payment to the stock exchanges in accordance with Regulation 57 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The regulatory communication was digitally signed on September 24, 2026, by Raghuram Mallela, Deputy General Manager and Company Secretary, Indian Overseas Bank.
The disclosure confirmed the payment of the annual interest amount on the Basel III Tier-II Bonds Series III.
IOB Bond Interest Payment: Key Takeaways
The latest disclosure highlights the following:
- IOB paid ₹45.40 crore as annual interest.
- The payment relates to the ₹500 crore Basel III Tier-II Bonds Series III.
- The record date was September 9, 2026.
- The scheduled and actual payment date was September 24, 2026.
- No redemption payment was applicable as part of this transaction.
- The disclosure was made under SEBI Regulation 57.
About Indian Overseas Bank
Indian Overseas Bank is a Chennai-headquartered public sector commercial bank offering banking and financial services across India and select international markets. Founded in 1937, the bank has built a wide branch and ATM network and serves more than 46 million active customers.
Read also: Indian Overseas Bank Q1FY27 Results: Net Profit Jumps 49% to ₹1,659 Crore, Asset Quality Improves
