Indian Bank duly pays Rs 88.45 cr interest on its debt securities

New Delhi: Indian Bank stated in a mandatory filing on Thursday that it has duly paid interest of Rs 88.45 crores on its debt securities, Basel III, Compliant Additional Tier 1 (AT1) Bonds. Further, the bank stated in the BSE filing that the issue size of the bonds was Rs 1048 crores. The bank paid interest amount of Rs 88.45 crores, stated the regulatory filing.

The filing also stated that the bank paid the interest on Thursday and notified that it pays interest on an annual basis. It further added that the record date for interest payment was November 23. The bank paid the last interest on December 8, 2021.

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