Pursuant to the requirement of provisions of Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bank Of India has informed that subject to regulatory approvals the Bank has decided to exercise Call Option on Bank of India Upper Tier II Bonds Series V (ISIN No. INE084A09209) and declare 20th December, 2019 as Record Date for this purpose. The Bonds were issued on 20th January, 2010 in pursuance of terms mentioned in Information Memorandum dated 16th January, 2010. The Bonds carry a coupon rate of 8.54% p.a. payable annually with call option on 20th January, 2020. Upon payment of broken period interest and call option amount (Principal), by the Bank on 20th January, 2020, to the holders of the Bonds as on Record Date, the Bank's liability to the Bondholders towards all their right including for the payment or otherwise shall cease and stand extinguished.
The above information is a part of company’s filings submitted to BSE.
