Corporate Action30 Oct 2026, 07:21 pm
Canara Bank Exercises Call Option on Basel III Compliant Bonds
AI Summary
Canara Bank has exercised its call option on its Basel III compliant Additional Tier I Bond (ISIN: INE476A08134). The bond, issued on December 2, 2021, with a coupon rate of 8.05% per annum, will be redeemed on December 2, 2026. The bank has received necessary approvals from the Reserve Bank of India. November 17, 2026, has been set as the record date for this purpose. The principal amount along with accrued interest will be paid on the call option date, after which the bond will be extinguished.
Key Highlights
- Canara Bank exercises call option on Basel III compliant bonds.
- Redemption date set for December 2, 2026.
- RBI approval obtained for the call option exercise.
- November 17, 2026, is the record date.
- Bond will be extinguished upon payment.
Price Impact
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