Canara Bank to exercise call option on Rs 4,000 Cr AT1 bonds, subject to RBI nod

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

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₹126.01

prior close

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announcement price

After-mkt

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Nifty 100market+0.0%+0.0% vs market

Public Sector Bank peers, median of 11sector+0.3%-0.2% vs sector

On the reaction day the stock moved in line with 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.

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Reaction day

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Next day

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

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AI summary

Canara Bank has decided to exercise the call option on three Basel III Compliant Additional Tier I (AT1) bonds totaling Rs 4,000 crore. The bonds carry coupon rates of 8.40%, 8.05%, and 8.07% with call option dates of 25.10.2026, 02.12.2026, and 04.03.2027 respectively. The exercise is subject to RBI and other regulatory approvals.

Likely market impact

Bondholders will receive principal redemption on call dates. Signals adequate capital position and willingness to replace higher-cost AT1 bonds.