What was filed
Canara Bank told the exchanges it has raised capital through Basel III-compliant Additional Tier I (AT1) bonds. The instrument is unsecured, subordinated, perpetual and non-convertible, issued as debentures with a face value of ₹1 crore each. The issue opened and closed on the same day, 16 September 2026, with allotment on 18 September 2026, per the filing.
How the issue was sized
The bond carried a base size with a green-shoe option on top. The bank accepted an amount below the advertised ceiling — its full base tranche plus a small slice of the green shoe. Interest is scheduled to be paid annually on 18 September, and the bonds are proposed to be listed on the NSE. The bank said it will inform the exchanges once listing is completed.
Why it matters to a holder
AT1 bonds count toward a bank's Tier I capital base under Basel III norms. For an equity holder, the issuance is a capital-management step that adds to the capital position through a debt-like perpetual instrument rather than equity, so existing shareholders are not diluted. The filing records the fund-raise as completed and allotted.