Date: 19.09.2026
Fundraising / Financing
Canara Bank has successfully raised ₹2,042 crores through the issuance of Basel III Compliant Additional Tier I Bonds. The bond details are as follows:
- Instrument Type: Unsecured, Subordinated, Listed, Rated, Non-Convertible, Perpetual, Fully-paid-up, Taxable, Basel III Compliant Additional Tier I Bonds in the nature of Debentures
- Face Value: ₹1 crore per bond
- Total Bonds Issued: 2,042 bonds
- Issue Size: Base issue of ₹2,000 crore + Green Shoe option of ₹2,500 crore (total ₹4,500 crore)
- Accepted Amount: ₹2,042 crore (Base: ₹2,000 crore + Green Shoe: ₹42 crore)
- Issue Opening Date: 16.09.2026
- Issue Closing Date: 16.09.2026
- Date of Allotment: 18.09.2026
- Redemption: Perpetual (no maturity date)
- Coupon Rate: 8.10% per annum
- Interest Payment Schedule: Annually on 18th September every year
- Security: Unsecured
- Number of Allottees: 29
- Listing Status: Proposed to be listed on National Stock Exchange (NSE)
This fundraising strengthens the bank's Tier I capital base in compliance with Basel III regulations.