Canara Bank has confirmed the successful annual interest payment of Rs. 138.97 Crores on its non-convertible, taxable, perpetual, subordinated, fully paid-up, unsecured Basel III compliant Additional Tier 1 Bonds. The payment, amounting to Rs. 138.97 Crores, was credited to the bondholders’ bank accounts today, December 31, 2024, through RTGS/NEFT/IBA/DD modes, in compliance with the terms outlined at the time of issuance.
The following details highlight the transaction:
- ISIN: INE476A08100
- Issue Size: Rs. 1635 Crores
- Interest Amount: Rs. 138.97 Crores
- Payment Frequency: Annually
- Record Date: December 16, 2024
- Due Date for Payment: December 31, 2024
- Actual Date of Payment: December 31, 2024
This payment confirms Canara Bank’s commitment to fulfilling its financial obligations on time and ensures compliance with the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Additionally, a copy of this notice has been sent to SBI CAP Trustee Company Ltd, the debenture trustee for the bonds.
This move further strengthens Canara Bank’s financial standing and enhances its position in the debt market, reinforcing investor trust and regulatory adherence.
