Indian Overseas Bank — Important, 11-04-2025: Updates

**Updates or General Updates:**

Indian Overseas Bank provided an annual disclosure of non-convertible securities for FY 2024-25, detailing various bond issuances. The bank listed three Tier 2 Bonds with total allotment of 2,165 Cr. These include ISIN INE565A08035 (500 Cr), INE565A08043 (665 Cr), and INE565A08050 (1,000 Cr), all listed on BSE. The bonds have received recent upgrades in credit ratings, with CRISIL upgrading the first bond to AA and CARE upgrading the latter two to AA, reflecting a stable outlook. Scheduled interest payments for these bonds are due on various dates, with amounts totaling 192.59 Cr across all three bonds. The outlook appears positive, supported by improved ratings, while investors should remain alert to upcoming interest and redemption payments that align with these rated securities.