Canara Bank to redeem Rs 1,500 Cr AT1 bond on Oct 23
CANBK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Canara Bank is exercising call option on its Rs 1,500 crore Basel III compliant Additional Tier 1 perpetual bond (ISIN: INE476A08126), issued in October 2021 at 8.40 percent coupon. RBI approval was received on 15 September 2026. The bank will redeem the bond on 23 October 2026, paying principal plus accrued interest for the period 25 Oct 2025 to 24 Oct 2026 to bondholders on the record date of 8 October 2026. After payment, the bond will be extinguished and the bank will have no further obligation on it.
Reduces future interest outflow on perpetual debt and reflects proactive capital management by the bank; mildly positive signal for shareholders.