Canara Bank on Tuesday announced that it has successfully raised Rs 3,500 crore through its latest issuance of Basel III compliant Additional Tier I (AT-I) bonds, according to its regulatory filing submitted to the stock exchanges.
As per the disclosure, the bonds carry a coupon rate of 7.55%, are unsecured, subordinated, perpetual, and fully paid-up in nature. The issue — comprising a base size of Rs 1,000 crore and a green-shoe option of Rs 2,500 crore — was fully subscribed, with 37 allottees participating.
The issue opened and closed on November 28, 2025, and the allotment date is recorded as December 2, 2025. The bonds, each with a face value of Rs 1 crore, are proposed to be listed on the NSE.
According to the filing, interest will be paid annually every December 2, and the bonds are classified as perpetual, implying they have no fixed redemption date.
The bank communicated the details under Regulation 30 and 51 of SEBI (LODR) Regulations, 2015, confirming successful completion of the fundraising exercise aimed at strengthening its Tier-I capital base.
