Canara Bank raises ₹2,042 crore through AT1 bond issuance
after close1 source ↓written by the desknot a recommendation
- Additional Tier I
- ₹2,042 crore
- bond issuance
- 16 Sep 2026
- and received
- 29 allottees
- and received
- 111 bids
- each year
- 18 Sep
Canara Bank successfully completed its ₹2,042 crore Additional Tier I (AT1) bond issuance on 16 Sep 2026. The bonds, with a fixed coupon rate of 8.10%, attracted interest from 29 allottees and received 111 bids. This issuance is part of the bank's strategy to strengthen its capital base under Basel III norms.
The bonds are unsecured, subordinated, and perpetual, with annual interest payments starting from 18 Sep each year. This move may enhance liquidity and investor confidence in the public sector lender.
Not investment advice. For informational purposes only.