Canara Bank revises bond record date to October 8, 2026
- Canara Bank revised the record date for its bond from October 9, 2026 to October 8, 2026
- The call option and coupon payment date falls on October 25, 2026, a Sunday, making it a non-business day
- In accordance with the Placement Memorandum, the bank will exercise the call option and make payment on October 23, 2026
- The revised record date determines holders entitled to the coupon and call option redemption amount
- The update follows earlier communications to stock exchanges dated January 14, 2026, September 4, 2026, and September 15, 2026
*this image is generated using AI for illustrative purposes only.
Canara Bank has revised the record date for its bond to October 8, 2026, from the earlier date of October 9, 2026, in connection with an upcoming call option exercise.
Record date revision and call option details
The revision follows the bank's earlier communications regarding the exercise of the call option for the bond. The call option date and coupon payment date originally fall due on October 25, 2026, which is a Sunday and therefore not a business day. In accordance with the terms of the Placement Memorandum, Canara Bank will exercise the call option and make the payment on October 23, 2026, the preceding Friday.
The record date has accordingly been revised to determine the holders entitled to the coupon and the call option redemption amount. The key details of the revision are summarised below.
| Parameter | Earlier date | Revised date |
|---|---|---|
| Record date | October 9, 2026 (Friday) | October 8, 2026 (Thursday) |
| Call option and payment date | October 25, 2026 (Sunday) | October 23, 2026 (Friday) |
Background and regulatory communication
Canara Bank had previously informed the stock exchanges of the call option exercise through letters dated January 14, 2026, September 4, 2026, and September 15, 2026. The present communication, dated September 28, 2026, serves as a continuation of those earlier intimations and updates the record date in line with the revised payment schedule.
The intimation was addressed to BSE Ltd. and the National Stock Exchange of India Ltd., as required under applicable listing obligations.
Historical Stock Returns for Canara Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.47% | -2.53% | -6.33% | -11.63% | -0.65% | 0.0% |
How will the early redemption of this bond impact Canara Bank's overall capital adequacy ratio and cost of funds in the upcoming fiscal quarters?
What is the market's reaction to the call option exercise, and how does it compare with the redemption patterns of other public sector banks' bonds maturing in late 2026?
Will the revised record date affect the liquidity or trading volume of the specific bond series on BSE and NSE in the immediate weeks leading up to October 8, 2026?
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