Canara Bank Raises ₹2,042 Crore Through AT1 Bond Issue

has successfully completed its ₹2,042 crore Additional Tier I (AT1) bond issuance on September 16, 2026, with the perpetual bonds carrying a coupon rate of 8.10%. The issue received strong investor participation and was oversubscribed, attracting 111 bids during the issuance process. The successful fundraising provides the bank with additional capital through Basel III-compliant AT1 instruments and strengthens its capital base. The perpetual nature of the bonds means they do not have a fixed maturity date, subject to the applicable terms and regulatory framework. The latest issuance highlights Canara Bank’s access to the domestic debt capital market and its ability to raise funds through regulatory capital instruments. Investors will track the impact of the capital raise on the bank’s capital position and future growth requirements.