Canara Bank Sets Bond Interest, Principal Payment Calendar for 2026

Bengaluru | January 14, 2026: Canara Bank on Wednesday announced the schedule of interest and principal payments for its Basel III Tier I, Tier II and long-term bonds due between February 14 and December 31, 2026, in a disclosure to stock exchanges.

The state-owned lender, in a filing under Regulations 50 and 60 of the SEBI LODR Regulations, detailed payment dates and record dates for bonds issued on a private placement basis.

The biggest obligation during the year will be on Rs 10,000 crore of long-term bonds (CB LTB 2034) carrying a 7.40% coupon, with interest payable on July 20, 2026. In addition, the bank will service Rs 5,000 crore under LTB 2023 Series I on September 28, 2026, and another Rs 5,000 crore under LTB 2023 Series II on November 27, 2026.

Among Basel III instruments, major payments include Rs 4,000 crore Tier II bonds at 7.46% due on March 18, 2026, and Rs 3,000 crore Tier II bonds at 8.40%, where both principal and interest will be paid on maturity on April 27, 2026.

The bank said several coupon and record dates have been adjusted due to holidays, in line with the bond documentation. It also noted that it may exercise call options on select bonds in October and December 2026, subject to regulatory approval.

Canara Bank shares are listed on the BSE (532483) and the NSE (CANBK).