Canara Bank Raises ₹2,042 Cr via AT1 Bonds

Canara Bank successfully completed its Additional Tier 1 (AT1) bond issuance on September 16, 2026, raising ₹2,042 crore. The issuance included a base size of ₹2,000 crore and a green shoe option of ₹42 crore. These Basel III compliant bonds are unsecured, subordinated, listed, rated, non-convertible, perpetual, and taxable, with a face value of ₹1 crore each. The deemed date of allotment and pay-in date is September 18, 2026. The bonds carry a coupon rate of 8.10% and are proposed to be listed on the NSE. The call option is available on September 18, 2031, or any anniversary thereafter.