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.
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.
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.
