Corporate Action27 Oct 2026, 04:16 pm
Canara Bank Gets RBI Nod to Exercise Call Option on ₹1,500 Cr AT1 Bonds
AI Summary
Canara Bank has received approval from the Reserve Bank of India (RBI) to exercise the call option on its Basel III compliant Additional Tier I (AT1) Bonds. The bonds, with an aggregate amount of ₹1,500 Crore and ISIN INE476A08134, are subject to the terms of issuance and all applicable laws and regulations. The bank is currently in the process of exercising the call option as per the issuance terms. This move is expected to allow the bank to potentially refinance these bonds at a more favorable rate, depending on market conditions and the terms of the original issue.
Key Highlights
- RBI approval received for exercising call option on AT1 bonds.
- The call option pertains to bonds worth ₹1,500 Crore.
- Canara Bank is proceeding with the exercise as per issuance terms.
- This action may lead to refinancing opportunities for the bank.
Price Impact
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