Canara Bank has informed the Exchange regarding 'Credit Confirmation of Annual Interest Payment & Redemption Payment'.
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Awaiting price reaction for this filing.
Canara Bank has paid the annual interest and fully redeemed its Non-Convertible, Taxable, Perpetual, Subordinated, Fully Paid Up, Unsecured Basel III Compliant Additional Tier I Bonds (ISIN: INE476A08100) on 31 December 2025. The total outflow was about Rs. 1,773.98 crore, comprising Rs. 138.98 crore as annual interest and Rs. 1,635 crore as full principal redemption via the call option. After this redemption, the outstanding amount on these bonds stands at NIL. Payment to one investor has been withheld due to an Enforcement Directorate freeze order against that investor.
This is a routine and positive disclosure — Canara Bank has honoured both its interest and capital obligations on time, and the call option exercise shows the bank had sufficient funds to retire this Rs. 1,635 crore Tier I instrument. For shareholders, it signals healthy capital management with no stress on servicing bondholders, though the overall impact on the stock price is likely neutral.