Canara Bank confirms the successful payment of annual interest and redemption for its BASEL III compliant Tier II bonds (ISIN: INE667A08039). The interest, at a coupon rate of 8.58%, was due on September 28, 2025, but was paid on September 26, 2025, due to the original date being a holiday. The total payout amounted to Rs. 10,84,86,00,000.
Interest & Redemption Payment Update
Canara Bank has announced the successful completion of the annual interest and redemption payment for its Unsecured Redeemable Non-Convertible Fully Paid Up BASEL III Compliant Tier II Bonds. The announcement, dated September 26, 2025, confirms adherence to SEBI Listing Regulations.
Key Details of the Payment
The key details related to the interest and redemption payment are as follows:
- ISIN: INE667A08039
- Issue Size: Rs 1000,00,00,000
- Interest Amount Paid: Rs 84,86,00,000
- Interest Payment Date: September 26, 2025
- Redemption Date: September 26, 2025
- Amount Redeemed: Rs 1000,00,00,000
Additional Information
The interest payment and redemption were processed via RTGS/NEFT/IBA/DD mode, as per the terms of the bond issue. The actual payment date was brought forward to September 26, 2025, as September 28, 2025, was a public holiday.
Source: BSE
