Mumbai: State-owned Bank of India (BoI) announced the full redemption of its 9.04% Additional Tier-I Bonds Series VI, with a total principal value of ₹750 crore, by exercising the call option on January 28, 2026.
In accordance with SEBI Listing Regulations, the bank has repaid the entire principal amount along with the broken period interest of approximately ₹56.10 crore to the bondholders. Following this redemption, the outstanding amount of this bond series stands at nil.
| Detail | Particulars |
|---|---|
| ISIN | INE084A08136 |
| Type of Redemption | Full |
| Reason | Call Option Exercised |
| Redemption Date | 28.01.2026 |
| Principal Redeemed | ₹750 crores |
| Interest Paid (Broken Period) | ₹56,09,75,427 |
The redemption reflects the bank's proactive capital management strategy, aiming to optimize its capital structure and potentially reduce high-cost legacy liabilities. Additional Tier-I bonds are perpetual in nature but typically include call options allowing the issuer to redeem after a specified period.
About Bank of India: Bank of India is a leading public sector bank with a significant domestic and international presence, offering a wide range of banking and financial services.