Corporate Action23 Oct 2026, 05:00 pm
Canara Bank Pays ₹1626 Cr for Basel III Bonds
AI Summary
Canara Bank has successfully completed the annual interest and principal payment for its Unsecured, Non-Convertible, Redeemable Basel III Compliant Additional Tier 1 Bonds (ISIN INE476A08126). The total payment of ₹1626 Crore, comprising ₹126 Crore in interest and ₹1500 Crore in principal redemption, was made on October 23, 2026. This redemption was due to the exercise of a call option, with the official due date being October 25, 2026. The payment was processed via RTGS/NEFT/IBA/DD mode to bondholders.
Key Highlights
- Canara Bank made annual interest and principal payment of ₹1626 Crore.
- Payment is for Basel III Compliant Additional Tier 1 Bonds (ISIN INE476A08126).
- Redemption was due to the exercise of a call option.
- Payment was made on October 23, 2026, ahead of the due date.
- Interest payment amounted to ₹126 Crore, principal to ₹1500 Crore.
Price Impact
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