Canara Bank Raises Rs 3,500 Crore Through Basel III Compliant Tier I Bonds
Canara Bank issues Rs 3,500 crore Basel III compliant Tier I bonds at 7.55% coupon, strengthening its capital base and supporting regulatory requirements.
Canara Bank has successfully raised Rs 3,500 crore through the issuance of Basel III compliant Additional Tier I (AT1) bonds. The bank announced that the bonds, issued at a coupon rate of 7.55%, are unsecured, subordinated, listed, rated, non-convertible, perpetual, and fully-paid-up, with a face value of Rs 1 crore each.
The bond issue, structured under Series I, opened and closed on November 28, 2025, with the allotment completed on December 2, 2025. The bonds are proposed to be listed on the National Stock Exchange (NSE) and will pay interest annually on December 2 each year. A total of 3,500 bonds were allotted to 37 investors.
The issuance follows the regulatory framework under SEBI (LODR) Regulations, 2015, ensuring transparency and compliance. The raised funds aim to strengthen Canara Bank’s capital base in accordance with Basel III norms, supporting the bank’s growth and regulatory capital requirements.
This strategic capital-raising move demonstrates Canara Bank’s commitment to maintaining robust financial health while continuing to support lending and infrastructure initiatives across the country.