Canara Bank completes bond interest and redemption payments

Canara Bank announced the timely payment of annual interest and redemption for its Non-Convertible, Taxable, Perpetual, Subordinated, Fully Paid Up, Unsecured Basel III Compliant Additional Tier 1 Bonds (ISIN: INE476A08084). The total amount of INR 10,95,99,60,000, covering both principal and annual interest, was credited to bondholders' bank accounts on September 11, 2025. This payment aligns with the coupon rate of 8.30%.

The redemption was categorized as "FULL" for the ISIN, with the redemption due date for the call option being September 11, 2025. A total of 10,120 NCDs were redeemed, amounting to INR 1012,00,00,000. The annual interest payment for this period was INR 83,99,60,000.

The record date for these payments was August 26, 2025, adhering to SEBI guidelines. Canara Bank confirmed that the outstanding amount after this redemption is NIL, with the last interest payment having been made on September 11, 2024. The bank notified both BSE Limited and the National Stock Exchange of India Ltd of these transactions.