Indian Overseas Bank Receives BSE Approval for ₹1,000-Crore Basel III Tier II Bonds

Chennai, January 27, 2026: State-owned Indian Overseas Bank (IOB) has received listing approval from BSE Limited for its Basel III-compliant Tier II Bonds (Series VI) amounting to ₹1,000 crore, the bank said in a regulatory filing on Tuesday.

The bonds were issued on a private placement basis and allotted to 15 investors. The issue comprised a base size of ₹500 crore along with a greenshoe option of ₹500 crore, aggregating to ₹1,000 crore.

According to the filing, the bonds are non-convertible, taxable, subordinated, unsecured, listed, and fully paid-up, issued in the nature of debentures in compliance with Basel III capital norms.

The issue opened and closed on January 22, 2026, with the deemed date of allotment set as January 23, 2026. The bonds carry a coupon rate of 7.80 percent per annum and have a face value of ₹1 crore each, totaling 1,000 bonds. The ISIN for the issue is INE565A08068.

The disclosure has been made under the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has been submitted to both BSE and the National Stock Exchange of India (NSE), where the bank’s shares trade under the scrip codes 532388 and IOB, respectively.