IOB sets record date for payment of coupons for THESE bonds. Details here | Stock Market News
Source: Live Mint
Indian Overseas Bank (IOB) has set 7 March, 2025 as record date for payment of coupon on Basel III Tier II Bonds (Series IV & V). Further, IOB announced that the coupon payments for its Basel III Tier II Bonds Series IV and V, offering coupon rates of 8.60% and 9.00%, respectively, will be processed in March 2025. The payment due date for Series IV is set for 31 March, 2025; however, since it falls on a holiday (Id-Ul-Fitr) and 1 April, 2025 marks the annual closing of accounts, the coupon payment will instead be made on 2 April, 2025. The coupon for Series V will be paid by the bank on March 24, 2025.
IOB share price today slumped 4.6%, the stock opened at ₹45 apiece on the BSE. IOB share price touched an intraday low of ₹43.51, and an intraday high of ₹45.15 per share. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, along with the broader markets, the stock prices have seen sharp sell – off , breaking below its key support of 44. The next support is 40.
