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Canara Bank Pays Rs. 975.60 Crore Interest & Redemption on Tier II Bonds

Canara Bank has successfully credited Rs. 975.60 crore as annual interest and redemption on its Basel III Compliant Tier II Bonds (ISIN: INE476A08043) on 7 Jan 2026, in compliance with SEBI regulations.
Canara Bank Pays Rs. 975.60 Crore Interest & Redemption on Tier II Bonds

Bengaluru, 7 January 2026: Canara Bank has successfully credited the annual interest and redemption amount for its Unsecured, Non-Convertible, Redeemable, Basel III Compliant Tier II Bonds (ISIN: INE476A08043) today, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The total payment of Rs. 975.60 crore (Rupees Nine Hundred Seventy-Five Crore Sixty Lakh Only) was transferred to bondholders’ accounts via RTGS, NEFT, IBA, and DD modes.

 

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Interest Payment Details:

  • Issue Size: Rs. 900 crore

  • Interest Amount Paid: Rs. 75.60 crore

  • Payment Frequency: Annually

  • Interest Payment Date: 7 January 2026

  • Previous Interest Payment Date: 7 January 2025

Redemption Payment Details:

  • Type: Full redemption

  • Quantity Redeemed: 9,000 bonds

  • Redemption Amount: Rs. 900 crore

  • Redemption Date: 7 January 2026

  • Outstanding Amount After Redemption: NIL

The bank confirmed that all payments were made on time and in full, adhering strictly to the terms of the bonds and regulatory guidelines.

 

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Canara Bank Statement:
“This timely payment underscores our commitment to our investors and adherence to SEBI regulations,” said Santosh Kumar Barik, Company Secretary, Canara Bank.

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