Canara Bank has successfully raised Rs. 3,500 Crore through the issuance of Basel III Compliant Tier I Bonds. These bonds are unsecured, subordinated, listed, rated, and non-convertible with a coupon rate of 7.55%. The bonds, issued on December 2, 2025, are fully paid-up, taxable, and in the nature of debentures with a face value of Rs 1 Crore each.
Basel III Bonds Issuance
Canara Bank announced the issuance of Basel III Compliant Tier I Bonds, Series I, for Rs. 3,500 Crore on December 2, 2025. This move is aimed at bolstering the bank’s capital base and supporting its growth plans.
Key Bond Details
The issued bonds have the following key characteristics:
- ISIN: INE476A08266
- Type: Unsecured, Subordinated, Listed, Rated, Non-Convertible, Perpetual, Fully-Paid-up, Taxable, Basel III Compliant Additional Tier I Bonds.
- Coupon Rate: 7.55%
- Size: Rs. 3,500 Crore (Base: Rs. 1000 Crore + Green Shoe: Rs. 2,500 Crore)
- Face Value: Rs 1 Crore each
Allotment and Payment
The date of allotment for these bonds is December 2, 2025. Interest will be paid annually on the 02nd of December each year. A total of 37 allottees were involved in this issuance.
Bond Status
These bonds are proposed to be listed on the NSE and are unsecured. The issue opened and closed on November 28, 2025.
Source: BSE