Central Bank of India — Important, 30-11-2024: Updates

The Central Bank of India has exercised its call option on the BASEL III Compliant Tier II Bond Series IV (ISIN: INE483A08023), effectively redeeming the bond. The bank has made a payment of ₹500 Cr as principal and ₹8.19 Cr as the interest amount, both executed on the maturity date. With the redemption of 5,000 bonds, the total amount redeemed stands at ₹500 Cr, leaving no outstanding amount. This proactive financial strategy reflects the bank's solid liquidity position and could enhance future capital management opportunities, signaling a positive outlook for investors.