Canara Bank has raised ₹2,042 crore through the issue of Basel III-compliant Additional Tier-I (AT1) bonds.
8.10% AT1 Bonds Issued
The bonds carry an interest rate, or coupon, of 8.10%. They are unsecured, subordinated, listed, rated, non-convertible and perpetual bonds. Each bond has a face value of ₹1 crore and is fully paid-up and taxable.
The ISIN of the bonds is INE476A08282. The bonds have been issued as Basel III-compliant Additional Tier-I bonds in the nature of debentures.
Canara Bank Accepted ₹2,042 Crore
The total issue size was ₹4,500 crore, consisting of a base issue of ₹2,000 crore and a green shoe option of ₹2,500 crore.
Against this total issue size, Canara Bank accepted ₹2,042 crore. This included ₹2,000 crore under the base issue and ₹42 crore through the green shoe option. A total of 2,042 bonds were issued.
Issue and Allotment Dates
The bond issue opened and closed on September 16, 2026. The allotment of the bonds was completed on September 18, 2026. The bonds are perpetual, meaning no fixed redemption date has been specified in the issue details.
Interest to Be Paid Annually
The AT1 bonds carry a coupon of 8.10%. Interest will be paid annually on September 18 every year. The bonds are unsecured.
A total of 29 allottees participated in the issue. Canara Bank has issued 2,042 bonds under this AT1 bond issue.
