Credit Confirmation of Annual Interest Payment - Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - ISIN: INE476A08167
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Canara Bank has confirmed timely payment of annual interest on its Basel III compliant Additional Tier I (AT1) Bonds (ISIN: INE476A08167) at a coupon rate of 8.24%. The total interest amount of Rs. 164.80 crore was credited to bondholders' bank accounts on 19 July 2025, the same day it was due. The bond has an issue size of Rs. 2,000 crore and interest is paid annually. This disclosure is made under SEBI's Regulation 57 to certify the interest payment was made on schedule.
This is a routine regulatory confirmation and has no material impact on the stock price or shareholders. It signals that the bank is meeting its debt obligations on time, which is a positive indicator of financial discipline. No equity dilution or rights issue is involved as AT1 bonds are perpetual debt instruments.