Canara Bank Raises ₹2,042 Crore via Basel III Compliant AT1 Bonds
Canara Bank raised ₹2,042 crore via 8.10% Basel III Compliant Additional Tier I Bonds. The issue, which opened and closed on September 16, 2026, saw allotment on September 18, 2026. The total issue size was ₹4,500 crore, with ₹2,042 crore accepted.
Raising capital through AT1 bonds strengthens the bank's capital adequacy ratio, which is important for its long-term stability and growth. However, the amount raised is a portion of the total issue size, indicating moderate success.
The bank successfully raised a significant amount of capital through bond issuance, which is a positive development for its financial health and regulatory compliance.
Canara Bank has successfully raised ₹2,042 crore through the issuance of Basel III Compliant Additional Tier I Bonds. These are Unsecured, Subordinated, Listed, Rated, Non-Convertible, Perpetual, Fully-paid-up, Taxable Bonds in the nature of Debentures, each with a face value of ₹1 crore.
The total issue size was ₹4,500 crore, comprising a base issue of ₹2,000 crore and a green shoe option of ₹2,500 crore. The bank accepted ₹2,042 crore, including ₹2,000 crore from the base issue and ₹42 crore from the green shoe option. The bonds carry a coupon rate of 8.10% and interest will be paid annually on September 18th each year. The issue opened and closed on September 16, 2026, with the allotment date being September 18, 2026. The bonds are perpetual and proposed to be listed on the NSE. A total of 29 allottees participated in this issuance.
What to do with a filing like this
Canara Bank filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Canara Bank. Read the original for the full detail.