Canara Bank has successfully completed the annual interest payment and full redemption of its Basel III Compliant Additional Tier I Bonds, totaling ₹1,773.98 crores on December 31, 2025. The bank made the payments on the scheduled due date through various electronic modes including RTGS, NEFT, IBA, and demand draft to bondholders' bank accounts.

Bond Payment Details

The total payment comprised two components: annual interest payment of ₹138.98 crores and full redemption amount of ₹1,635.00 crores for the unsecured, non-convertible, perpetual, subordinated Basel III Compliant Additional Tier I Bonds carrying ISIN number INE476A08100.

Interest Payment Specifications

The annual interest payment was processed according to the bond terms with a record date of December 16, 2025. The bank maintained its annual payment frequency as originally structured, with no changes to the payment schedule.

Bond Redemption Process

The bonds underwent full redemption through call option on December 31, 2025. A total of 16,350 non-convertible debentures were redeemed, representing the complete outstanding issue. The redemption was processed through call option for these perpetual bonds, with no outstanding amount remaining after the payment.

Special Payment Consideration

The bank noted that payment towards one investor has been kept on hold as per freeze order Ref No ECIR/BGZO/25/2025 dated November 21, 2025, issued by the Enforcement Directorate against the investor. All other bondholders received their payments as scheduled.

Regulatory Compliance

The payment confirmation was issued in compliance with Regulation 57 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The bank notified the exchanges about the timely completion of both interest and redemption payments, ensuring full transparency and regulatory adherence.

With the successful completion of this payment, Canara Bank has fulfilled all obligations related to these Basel III Compliant Additional Tier I Bonds, marking the end of this debt instrument's lifecycle.

Canara Bank has successfully fulfilled its debt servicing obligations by completing the annual interest payment on its Basel III compliant Tier II bonds on December 24, 2025. The bank credited ₹1,772.5 crores to bondholders' accounts through electronic transfer modes, demonstrating its commitment to timely debt service.

Bond Payment Details

The interest payment pertains to unsecured, subordinated, non-convertible, redeemable, fully paid-up, taxable Basel III compliant Tier II bonds in the nature of debentures. The bank transferred the funds to bondholders through multiple payment channels including RTGS, NEFT, IBA, and demand draft modes as specified in the original terms of issue.

Regulatory Compliance

The bank informed both BSE Limited and National Stock Exchange of India about the successful interest payment in compliance with Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was filed under reference number SD:410/411/11/12:2025-26, ensuring full transparency with regulatory authorities and market participants.

Bond Characteristics

These Basel III compliant Tier II bonds serve as supplementary capital instruments for the bank, supporting its regulatory capital requirements. The bonds carry annual interest payment obligations and represent a significant component of Canara Bank's capital structure. The timely payment reflects the bank's strong financial position and commitment to honoring its debt obligations.

Payment Execution

Canara Bank executed the interest payment seamlessly on the scheduled due date without any delays or complications. The bank utilized multiple electronic payment channels to ensure efficient fund transfer to all bondholders. This marks the continuation of the bank's consistent track record in meeting its debt service obligations as per the agreed terms and conditions.