Annual Interest & Redemption Payment ISIN INE476A08092
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Canara Bank has made a timely annual interest payment and fully redeemed its Basel III compliant Additional Tier 1 Bond (ISIN: INE476A08092) carrying an 8.30% coupon. The bank paid Rs 14.03 crore as annual interest and Rs 169.10 crore as principal redemption via the call option on 29-Sep-2025, bringing the outstanding amount to NIL. Total payout was Rs 183.13 crore, credited to bondholders through electronic banking channels.
This is a routine, on-schedule payment demonstrating healthy capital management. The full redemption via call option will slightly reduce the bank's interest outflow on this AT1 bond, which is a normal capital management action.