Canara Bank Pays ₹129.96 Crore on Basel III AT-1 Bonds

Mumbai: Canara Bank has informed stock exchanges that it has successfully completed the annual interest payment and principal redemption on its Basel III compliant Additional Tier-1 (AT-1) bonds within the stipulated timeline.

The Bank credited a total amount of ₹129.96 crore to bondholders’ accounts on February 2, 2026, comprising ₹9.96 crore towards annual interest and ₹120 crore towards principal redemption. The payments were made through RTGS/NEFT/IBA/DD modes, in line with the terms of issue.

Bond Details

• ISIN: INE476A08118

• Issue Size: ₹120 crore

• Interest Frequency: Annual

• Record Date: January 16, 2026

• Interest Payment Date: February 2, 2026

Full Redemption Under Call Option

The Bank exercised its Call Option to fully redeem the perpetual AT-1 bonds:

• Number of Bonds Redeemed: 1,200

• Redemption Amount: ₹120 crore

• Redemption Date: February 2, 2026

• Outstanding Amount: NIL

Positive Signal for Investors

The timely servicing of interest and redemption obligations highlights Canara Bank’s strong capital management practices, regulatory compliance, and commitment to investor confidence. The move also reflects prudent balance sheet optimisation under the Basel III capital framework.