Canara Bank updates medium term note programme offering circular on exchanges

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Reviewed by
Ritika DScanX News Team
Key Highlights
  • Canara Bank updated its medium term note programme offering circular
  • Filings were made on India International Exchange and NSE International Exchange
  • The issuance falls under Regulation S of the U.S. Securities Act 1933
  • Notification was issued to BSE and NSE on September 21, 2026
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Canara Bank has updated the listing of its offering circular for an existing medium term note programme. The bank notified stock exchanges of the upload on September 21, 2026.

The update relates to issuances under Regulation S of the U.S. Securities Act 1933. The bank informed both the Bombay Stock Exchange and the National Stock Exchange of India Ltd regarding the filing.

Exchange Listings

The offering circular is now available on two international platforms:

  • India International Exchange (IFSC) Limited
  • NSE International Exchange

Investors can access the document via the respective exchange websites. The bank referenced prior communications dated August 29, 2026 and September 3, 2026 in its notification.

Santosh Kumar Barik, Company Secretary, signed the disclosure letter addressed to the vice presidents of the listing departments at BSE and NSE.

Historical Stock Returns for Canara Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-0.06%-0.24%-4.18%-10.04%+7.18%0.0%

How might Canara Bank's issuance of medium-term notes under Regulation S impact its foreign currency debt profile and interest expense coverage?

What does the listing on IFSC and NSE International Exchange suggest about Canara Bank's strategy to attract non-resident institutional investors?

Could this move signal a broader trend of Indian public sector banks increasingly utilizing international capital markets to fund expansion or recapitalization?

Canara Bank gets NSE listing approval for ₹2,042 crore AT1 bonds

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Reviewed by
Ritika DScanX News Team
Key Highlights
  • Canara Bank received NSE listing approval for its AT1 bonds on September 21, 2026
  • The ₹2,042 crore issue includes a base of ₹2,000 crore and a ₹42 crore green shoe option
  • Bonds carry a fixed coupon rate of 8.10% and are perpetual in nature
  • The bank secured interest from 29 allottees who submitted 111 bids
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Canara Bank received listing approval for its Additional Tier I (AT1) bonds from the National Stock Exchange on September 21, 2026. The public sector lender completed the ₹2,042 crore issuance on September 16, 2026.

The issue included a base amount of ₹2,000 crore and a green shoe option of ₹42 crore. Although the total issue size was capped at ₹4,500 crore, the bank accepted bids only up to the ₹2,042 crore limit. The bonds carry a fixed coupon rate of 8.10% and are unsecured, subordinated, and perpetual in nature.

Issue Structure and Terms

The bank issued debentures with a face value of ₹1 crore each. Allotment is deemed effective as of September 18, 2026, which also serves as the pay-in date. Interest payments will be made annually on September 18 every year.

Parameter Details
Issue Size ₹2,042 crore
Coupon Rate 8.10%
Tenor Perpetual
Total Bids 111
Allottees 29
Listing NSE

Call Option and Maturity

The instruments are perpetual but include an issuer call option. Canara Bank may redeem the bonds starting from September 18, 2031, marking the fifth anniversary of the deemed allotment date. The bank retains the right to call the bonds on any subsequent anniversary date.

Regulatory Compliance

The issuance adheres to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bonds are listed on the National Stock Exchange of India Ltd following the completion of allotment procedures.

Historical Stock Returns for Canara Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-0.06%-0.24%-4.18%-10.04%+7.18%0.0%

How will Canara Bank's decision to forgo the full ₹4,500 crore issuance limit impact its future capital raising strategies and Tier I capital adequacy ratios?

What does the 8.10% coupon rate indicate about current investor sentiment towards public sector bank AT1 bonds compared to other fixed-income instruments?

How might the upcoming call option window in 2031 influence Canara Bank's long-term debt management and refinancing plans?

More News on Canara Bank

1 Year Returns:+7.18%