The issue is scheduled for Friday, November 28 on the Electronic Bidding platform of the National Stock Exchange. | Photo credit:
Canara Bank has emerged as the first bank in the current financial year to enter 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 core component of ₹1,000 crore and a green shoe option of ₹2,500 crore to meet strong investor demand, the bank said.
The issue is scheduled for Friday, November 28 on the Electronic Bidding platform of the National Stock Exchange.
According to the release, the issue of AT1 bonds is part of a broader capital raising program of up to ₹9,500 crore per annum, which combines Tier-1 and Tier-2 instruments to strengthen the regulatory capital ratio under Basel III norms.
New ED
Canara Bank also announced the appointment of Sunil Kumar Chugh as Managing Director of the Bank with effect from November 24, 2025 for a period of three years.
Published – 26 Nov 2025 22:25 IST
