Canara Bank has successfully processed the annual interest and principal redemption payment for its Unsecured, Non-Convertible, Redeemable Basel III Compliant Tier II Bonds. The bank disbursed a total amount of Rs. 3,251.31 crore to bondholders on April 27, 2026. This milestone marks the full maturity of these financial instruments, with all payments executed via standard banking channels, confirming the bank’s commitment to its debt obligations.
Full Redemption and Interest Settlement
Canara Bank has officially confirmed the successful payout of the annual interest and principal amount regarding its Basel III Compliant Tier II Bonds (ISIN: INE476A08050). The total disbursement, amounting to Rs. 3,251,31,00,000, was credited to the accounts of the bondholders on April 27, 2026. This payment encompasses the final maturity obligations for the bond series.
Financial Breakdown
The total payout consists of two primary components: interest payments and the redemption of the principal investment. The interest component, totaling Rs. 251.31 crore, covers the annual interest due for the period leading up to the maturity date. Additionally, the bank completed the full redemption of 30,000 bonds, returning a principal amount of Rs. 3,000 crore to investors. With this transaction, the outstanding amount for this specific bond series is now NIL.
Compliance and Processing
The bank adhered to all stipulated terms of issue, utilizing RTGS, NEFT, and other standard banking modes to ensure timely credit to investors. For record-keeping purposes, the record date for this transaction was set for April 10, 2026, following the adjustment for a holiday falling on the original record date. The redemption marks the conclusion of the instrument’s lifecycle, reflecting the bank’s disciplined approach to managing its capital-compliant debt obligations.
Source: BSE
