Canara Bank has successfully completed the annual interest and principal payment on its unsecured, non-convertible, redeemable Basel III compliant Tier II bonds. The total amount of ₹3,251.31 crore was credited to bondholders’ accounts on 27th April 2026.
The payment pertains to bonds with the ISIN number INE476A08050. The interest component of the payment amounted to ₹251.31 crore, while the principal redemption totalled ₹3,000 crore. The payments were made on schedule, adhering to the terms of the bond issue.
The interest payment was made on an annual basis, with the record date set on 10th April 2026. The due date and actual date for the interest payment were both 27th April 2026. The last interest payment was made on 28th April 2025.
The bonds were redeemed in full upon maturity, with a total of 30,000 non-convertible debentures being redeemed. The redemption was executed on the due date of 27th April 2026, leaving no outstanding amount.
Canara Bank ensured that the payments were processed through RTGS/NEFT/IBA/DD modes, in line with the established guidelines. This transaction reflects the bank’s commitment to fulfilling its financial obligations in a timely manner.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).