The issue is scheduled for Friday, November 28, on the Electronic Bidding platform of National Stock Exchange.
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Canara Bank has emerged as the first bank in the current financial year to tap the Additional Tier-1 (AT1) bond market, launching a ₹3,500-crore issue to strengthen its capital base and support future growth plans, the city-based bank said on Wednesday.
The bank is raising up to ₹3,500 crore through Basel III-compliant AT1 bonds, with the issue structured around a base component of ₹1,000 crore and a green shoe option of ₹2,500 crore to meet strong investor demand, it said.
The issue is scheduled for Friday, November 28, on the Electronic Bidding platform of National Stock Exchange.
According to the communique, the AT1 bond issue forms part of the broader capital raising programme of up to ₹9,500 crore for the year, combining Tier-1 and Tier-2 instruments to bolster regulatory capital ratios under Basel III norms.
New ED
Canara Bank also announced the appointment of Sunil Kumar Chugh as Executive Director of the bank, with effect from November 24, 2025, for a period of three years.
Published – November 26, 2025 10:25 pm IST
