Canara Bank has informed the Exchange regarding 'Issue of Basel III Compliant Tier II Bonds, Series I for Rs.5,000 Crore.'.

Fund Raising View source PDF Explain this filing

CANBK · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.3%Reaction day

₹157.55

prior close

₹150.30

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-1.3%-1.0% vs market

Public Sector Bank peers, median of 11sector-2.2%-0.2% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty 100 and 0.2 pts less than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+3.2

10m

+3.1

15m

+3.2

30m

+3.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.3-1.3-1.0-2.2-0.2

Next day

-6.8-3.0-3.8-6.3-0.5

-5.7-1.8-3.9-5.4-0.3

-7.3-2.9-4.4-6.6-0.7

-11.0-4.7-6.3-10.2-0.8

-9.4-3.6-5.8-7.8-1.7

-10.8-5.9-4.9-9.7-1.1

15d

-15.3-9.3-6.0-15.6+0.4

-19.4-10.0-9.4-15.8-3.6

-14.3-3.3-11.0-11.2-3.1

-17.9-5.4-12.4-17.1-0.8

UpDownMarket · Nifty 100Sector · Public Sector Bank peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Canara Bank has successfully raised Rs. 5,000 crore through Basel III Compliant Tier II Bonds in a single day on 26 February 2026. The issue comprised a base size of Rs. 2,000 crore plus a green shoe option of Rs. 3,000 crore, indicating strong investor demand. The bonds carry a coupon of 7.24% per annum, are unsecured and subordinated, and have a 10-year tenor (redeemable on 27 February 2036) with a call option exercisable after 5 years. Interest will be paid annually. The bonds were allotted to 12 investors and are proposed to be listed on NSE.

Likely market impact

This is a routine capital-raising exercise by Canara Bank to strengthen its Tier II capital base under Basel III norms, which supports lending growth. The fully-subscribed issue (including green shoe) reflects healthy investor appetite at a competitive 7.24% coupon, with minimal direct impact on retail shareholders beyond marginal dilution of future earnings from interest outflow.