Canara Bank to exercise call options on two Basel III bonds

Canara Bank announced on November 7, 2025, that it will exercise the call options on its Basel III compliant Additional Tier I Bonds, following approval from the Reserve Bank of India (RBI). The bank had previously informed exchanges of its decision to exercise these call options through letters dated May 22, 2025, and July 25, 2025.

The two tranches of perpetual bonds subject to the call option are ISIN INE476A08100 and INE476A08118. The INE476A08100 bonds, issued on December 31, 2020, had an initial issued amount of Rs 1635 Cr with a coupon rate of 8.50% p.a., and their call option date is December 31, 2025. The INE476A08118 bonds, issued on February 2, 2021, had an initial issued amount of Rs 120 Cr with a coupon rate of 8.30% p.a., and their call option date is February 2, 2026.

The RBI's permission for the bank to exercise the call option was granted via letter ref: DOR.CAP.S6206/21-01-002/2025-26 dated November 7, 2025. Canara Bank will proceed with exercising the call options on their respective due dates in accordance with the terms of issuance.