Canara Bank announces the exercising of the call option on its Basel III compliant Additional Tier I Bonds. This affects two bond series: INE476A08100, issued on December 31, 2020, and INE476A08118, issued on February 2, 2021. Bondholders will receive principal and accrued interest as per the terms of the call option.
Call Option on Bonds
Canara Bank has declared its intention to exercise the call option on two series of its Basel III compliant Additional Tier I Bonds. This decision follows regulatory approval from the RBI, received on November 7, 2025. The bank has notified the stock exchanges and bondholders regarding this action.
Bond Details and Record Dates
The call option exercise impacts the following bonds:
- INE476A08100: This bond was issued on December 31, 2020, with a coupon rate of 8.50% per annum. The record date for the call option is December 16, 2025, and the call option date is December 31, 2025.
- INE476A08118: Issued on February 2, 2021, carrying a coupon rate of 8.30% per annum. The record date for this bond’s call option is January 16, 2026, and the call option date is February 2, 2026.
Payment and Discharge
Bondholders of INE476A08100 will receive the principal amount along with interest for the period from December 31, 2024, to December 30, 2025, payable on December 31, 2025. Similarly, for bond series INE476A08118, bondholders will be paid principal and interest from February 2, 2025, to January 31, 2026, on February 2, 2026. Upon payment, the bonds will be discharged, and Canara Bank’s liability to the bondholders will cease.
Contact Information
For any queries, bondholders can contact KFin Technologies Limited, the Registrar and Transfer Agent (RTA), at the following address:
Unit: Canara Bank
Selenium Tower B, Plot No.31-32,
Gachibowli, Financial District, Nanakramguda,
Hyderabad – 500 032
E-mail: [email protected]
Toll-free: 1800 309 4001
Source: BSE
