IDBI Bank to repay bonds on Dec 16

IDBI Bank on Friday announced the book closure for repayment of the 2011 bonds, maturing on December 16, on November 16.

The principal amount of the 2011 bond series is repayable at par on December 16. Accordingly, interest on these bonds will accrue up to December 15. Book closure of the 61st series will be effective from November 16,” the lender said in a statement here.

Investors holding the bonds in the form of promissory notes may tender the same at their respective branch where they were last enfaced by November 21 to facilitate repayment in time, the bank said.

Those bondholders having investment in the form of entry—in—account with IDBI Bank should furnish a receipt for the principal amount along with the relevant certificate of holding to obtain repayment.

In case the bonds are held in demat form, bondholders need not furnish any document, the statement added.