Full Redemption of 7.14% Tier II Bonds Series XV via Call Option

The bank fully redeemed its 7.14% Tier II Bonds Series XV by exercising the call option on 30/09/2026.

Wed 30 Sep 2026

Bond Type

7.14% Tier II Bonds Series XV

Redemption Amount

Rs.1,800 crores (1800 NCDs)

Broken Period Interest

Rs.64,08,39,453

Redemption Date

30/09/2026

Outstanding Amount

Nil

What happened

Bank of India informed the exchanges that it has repaid the principal along with broken period interest to holders of its 7.14% BOI Tier II Bonds Series XV on 30th September, 2026.

Key details

• Type of redemption: Full
• Reason: Call Option Exercised
• Quantity redeemed: 1800 NCDs
• Amount redeemed: Rs.1,800 crores
• Broken period interest paid: Rs.64,08,39,453
• Date of last interest payment: 02/04/2026
• Due date and actual date of redemption: 30/09/2026
• Outstanding amount: Nil

What it means

Tier II bonds are a form of borrowing that banks can count towards regulatory capital. A call option allows the issuer to repay the bonds before final maturity, on a pre-set date. Here the bank chose to exercise that option, so the series is now fully repaid and nothing remains outstanding on it.

This is a routine debt servicing disclosure made under the listing regulations, confirming that payment obligations to bondholders were met on the due date.

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