Canara Bank has informed the Exchange regarding Intimation of Redemption & Interest Payment Due Date/Record Date of Basel III Compliant Tier II Bonds issued by Canara Bank on Private Placement Basis. ''.
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Canara Bank has informed the stock exchange about the upcoming redemption and interest payment date for its Basel III Compliant Tier II Bonds, which were issued on a private placement basis. The bank has notified the record date and due date for these bonds as part of routine compliance requirements. This is a scheduled obligation related to bonds already in issue, not a new borrowing or restructuring event. Investors holding these bonds will receive their interest payment and face value on the due date as per the original terms.
This is a routine regulatory intimation with no material impact on the stock price. Existing bondholders will receive scheduled interest and principal repayment on the due date as per bond terms.