Canara Bank has successfully completed its annual interest payment on Basel III compliant Additional Tier 1 bonds, demonstrating the bank's commitment to maintaining timely debt servicing obligations. The payment was executed on March 4, 2026, as per the scheduled due date.

Interest Payment Details

The bank paid ₹80,70,00,000/- (Rupees Eighty Crores Seventy Lakhs only) as annual interest to bondholders. The payment was processed through multiple electronic transfer modes including RTGS, NEFT, IBA, and DD, ensuring efficient credit to bondholders' accounts.

Bond Characteristics

The bonds are Non-Convertible, Taxable, Perpetual, Subordinated, Fully Paid Up, and Unsecured instruments that comply with Basel III regulations for Additional Tier 1 capital. These bonds form part of the bank's regulatory capital structure and help strengthen its capital adequacy ratios.

Regulatory Compliance

The interest payment was completed in accordance with Regulation 57 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The bank has maintained its payment schedule without any delays or changes in frequency, ensuring compliance with regulatory requirements and maintaining investor confidence.

The timely completion of this interest payment reflects Canara Bank's strong financial position and commitment to honoring its debt obligations to bondholders.

Canara Bank has successfully completed the issuance of ₹5,000 crore Basel III compliant Tier II bonds under Series I, marking the completion of a significant capital raising initiative by the public sector lender. The bond issuance was completed through regulatory compliance under SEBI LODR Regulations 30 and 51, strengthening the bank's regulatory capital framework.

Bond Issuance Completion Details

The bank successfully raised the full amount through its bond offering, which opened and closed on the same day. The issuance details demonstrate strong market reception:

Bond Structure and Terms

The Basel III compliant Tier II bonds carry attractive terms for investors while meeting regulatory capital requirements:

Regulatory Compliance Framework

The bonds are structured as Basel III compliant Tier II instruments, ensuring adherence to international banking regulations. These subordinated bonds contribute to the bank's supplementary capital base, which forms a crucial component of the overall capital adequacy framework required for banking operations.

The ISIN INE476A08274 has been assigned to these bonds, facilitating their listing and trading on the National Stock Exchange. The bonds are rated and listed instruments, providing transparency and liquidity for investors.

Capital Strengthening Achievement

This successful ₹5,000 crore fundraising represents Canara Bank's effective capital management strategy. The completion of the bond issuance with just 12 allottees indicates strong institutional investor confidence in the bank's creditworthiness and growth prospects.

The 10-year maturity with a call option after five years provides the bank with flexibility in capital management while offering investors a competitive 7.24% annual coupon rate. This capital infusion will enhance the bank's lending capacity and support its business expansion initiatives.