Canara Bank lists medium term note offering circular on Singapore exchange

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Reviewed by
Ritika DScanX News Team
Key Highlights
  • Canara Bank uploaded its medium term note offering circular to the Singapore Stock Exchange (SGX)
  • The update follows prior listings on India International Exchange and NSE International Exchange
  • Notification to BSE and NSE was made on September 22, 2026
  • The circular relates to issuances under Regulation S of the U.S. Securities Act 1933
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Canara Bank has uploaded the offering circular for its existing medium term note programme to the Singapore Stock Exchange (SGX). The bank notified stock exchanges of this latest listing update on September 22, 2026.

This development follows previous notifications regarding the same programme. The bank had earlier informed exchanges about uploads to the India International Exchange (IFSC) Limited and NSE International Exchange. The current update specifically pertains to issuances under Regulation S of the U.S. Securities Act 1933.

Exchange Listings and Access

The offering circular is now accessible across three international platforms:

  • India International Exchange (IFSC) Limited
  • NSE International Exchange
  • Singapore Stock Exchange (SGX)

Investors can access the document via the respective exchange websites. The SGX listing complements the earlier filings, broadening the accessibility of the programme documents for global investors.

Regulatory References

The notification from Canara Bank references prior communications dated August 29, 2026, September 3, 2026, and September 21, 2026. These letters provided the foundational disclosures for the medium term note programme's offering circulars on other exchanges.

Santosh Kumar Barik, Company Secretary, signed the disclosure letter addressed to the vice presidents of the listing departments at BSE and NSE. The filing confirms that the SGX hosted circular is available for information and records.

Historical Stock Returns for Canara Bank

1 Day5 Days1 Month6 Months1 Year5 Years
-1.15%+1.88%-2.57%-15.29%-3.90%+216.20%

How will the multi-exchange listing strategy impact Canara Bank's cost of capital for future international debt issuances?

What specific investor demand trends in Singapore and IFSC are driving Canara Bank's expansion of its medium-term note programme?

Could this broader accessibility lead to increased scrutiny from global rating agencies regarding the bank's offshore leverage ratios?

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
-1.15%+1.88%-2.57%-15.29%-3.90%+216.20%

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:-3.90%