Announced Mon, 27 Apr · 18:17 IST
Canara Bank redeems Rs 3,000 cr Tier II bonds, pays Rs 251 cr interest on schedule
Credit & Debt View source PDF
CANBK · price
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Price reaction · full curve 14 horizons · vs prior close
-2.6%1-day move
₹140.55
prior close
₹136.27
base price
After-mkt
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AI summary
Canara Bank has fully redeemed its Rs 3,000 crore Basel III Compliant Tier II Bonds (ISIN: INE476A08050) on the scheduled maturity date of 27 April 2026. The bank also paid Rs 251.31 crore in annual interest to bondholders. Total payment of Rs 3,251.31 crore was made on time via RTGS/NEFT to 30,000 NCDs. This was a routine maturity-based redemption with no delays.
Likely market impact
Routine on-time debt servicing. Reduces future annual interest burden by Rs 251.31 cr; no negative credit signal.