Canara Bank raises ₹2,042 crore through AT1 bond issuance
pre-market1 source ↓written by the desknot a recommendation
- Additional Tier I
- ₹2,042 crore
- bond issuance
- 16 Sep 2026
- and attracted interest
- 8.10%
- attracted interest
- 29 allottees
- submitted
- 111 bids
Canara Bank successfully completed its ₹2,042 crore Additional Tier I (AT1) bond issuance on 16 Sep 2026. The bonds feature a fixed coupon rate of 8.10% and attracted interest from 29 allottees with 111 bids submitted. This issuance supports the bank's capital adequacy under Basel III regulations, enhancing its financial stability.
Not investment advice. For informational purposes only.