IDFC First Bank has announced its decision to exercise the call option on its 9.75% non-convertible debentures (NCDs) amounting to ₹7 crore. The bank has set the call option date for 5th June 2026, as per the terms outlined in the original term sheet.
The debentures, identified by the ISIN code INE688I08152, were originally issued on 6th June 2016. The bank has communicated the record date for this transaction as 21st May 2026, which will determine the list of eligible debenture holders entitled to the redemption.
IDFC First Bank has sent notices to the eligible debenture holders informing them of the upcoming redemption process. The bank has assured that all outstanding dues related to these debentures will be settled in full on the call option date, thereby extinguishing the company’s liability towards the holders from that date.
The exercise of the call option is in accordance with the provisions specified in the term sheet, which includes the rights and obligations related to the put/call options. Debenture holders with queries are encouraged to contact the bank through the provided communication channels.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).