Canara Bank Raises ₹2,042 Cr via Additional Tier I Bonds

Canara Bank has successfully raised ₹2,042 crores through the issuance of Basel III Compliant Additional Tier I Bonds. The bonds carry a coupon rate of 8.10% and are unsecured, subordinated, listed, rated, non-convertible, perpetual, fully-paid-up, and taxable. The issue size was initially set at ₹4,500 crore (base ₹2,000 crore + green shoe ₹2,500 crore), with ₹2,042 crore accepted, including ₹42 crore from the green shoe option. The bonds were opened and closed on September 16, 2026, with allotment on September 18, 2026. Interest will be paid annually on September 18th. The bank plans to list these bonds on the NSE. This issuance is part of the bank's strategy to strengthen its capital base.