Canara Bank has successfully completed its annual interest payment on Basel III compliant Additional Tier 1 bonds, demonstrating continued adherence to its debt servicing obligations. The bank paid ₹168,00,00,000 to bondholders on February 16, 2026, maintaining its commitment to timely interest payments.

Interest Payment Details

The annual interest payment was processed through multiple electronic channels to ensure efficient distribution to bondholders. The bank utilized RTGS, NEFT, IBA, and demand draft modes for crediting the interest amounts to bondholders' accounts as specified in the original terms of issue.

Payment Schedule and Compliance

The interest payment was originally scheduled for February 14, 2026, but was processed on February 16, 2026, due to the due date falling on a holiday. This adjustment aligns with the terms outlined in the Information Memorandum, which provides for payment on the next business day when the due date coincides with a non-working day.

The bank maintained its annual payment frequency without any changes, ensuring consistency for bondholders. The previous interest payment was made on February 14, 2025, maintaining the regular annual cycle.

Bond Characteristics

The bonds are classified as Non-Convertible, Taxable, Perpetual, Subordinated, Fully Paid Up, Unsecured Basel III Compliant Additional Tier 1 instruments. These bonds form part of the bank's regulatory capital structure under Basel III norms, supporting its capital adequacy requirements.

The successful completion of this interest payment reinforces Canara Bank's commitment to meeting its debt obligations and maintaining investor confidence in its financial instruments. The bank has reported no delays or non-payment issues, with the payment processed efficiently within the stipulated timeframe.

Canara Bank has successfully completed the full redemption of its Basel III Additional Tier 1 bonds, paying a total amount of Rs. 129,96,00,000/- to bondholders on February 2, 2026. The payment included both the principal redemption and annual interest components for the perpetual subordinated bonds.

Bond Redemption Details

The bank redeemed its Non-Convertible, Taxable, Perpetual, Subordinated, Fully Paid Up, Unsecured Basel III compliant Additional Tier 1 bonds through call option. The bonds carried ISIN number INE476A08118 and had an original issue size of Rs. 120,00,00,000/-.

Interest Payment Components

Alongside the principal redemption, Canara Bank also made the annual interest payment to bondholders. The interest payment was processed on the same date as the redemption, ensuring timely completion of all obligations.

Payment Execution

The total payment of Rs. 129,96,00,000/- was credited to bondholders' bank accounts through multiple electronic modes including RTGS, NEFT, IBA, and demand draft as per the original terms of issue. The bank confirmed that all payments were made on time without any delays.

The successful redemption marks the complete closure of this Basel III AT1 bond issue, with no outstanding amounts remaining. The bank has fulfilled all its obligations under Regulation 57 of SEBI (LODR) Regulations, 2015, and has duly informed both BSE and NSE about the completion of the redemption process.