<h1>Canara Bank Issues US$200 Million in Senior Unsecured Notes under Medium Term Note Programme</h1>
Canara Bank has raised funds by issuing senior unsecured notes through a tap issuance, consolidating the new tranche with existing issues as part of its broader medium term note programme.
The bank issued US$200 million worth of 4.896% senior unsecured notes due in 2029. This new issue was designed to be consolidated and form a single series alongside previously issued senior unsecured notes, all falling under the scope of the US$3 billion medium term note programme.
The details pertaining to the newly issued notes are as follows:
| Particulars | Details |
|---|---|
| Issue Size | US$200,000,000 |
| Coupon Rate | 4.896% (Fixed, semi-annual) |
| Maturity Date | 11 September 2029 |
| Issue Open/Close Dates | 16 July 2026 |
| Allotment Date | 22 July 2026 |
| Secured Status | Unsecured |
| Listing Status | Singapore Exchange Securities Trading Limited and India International Exchange (IFSC) Limited. |
The notes are designated as Senior Unsecured Fixed Rate Notes (Category 1, Regulation S). The coupon is set at a fixed semi-annual rate of 4.896% paid on March 11 and September 11 each year up to the maturity date of September 11, 2029.
The issuance details also indicate that one global note was issued for the nominal amount of US$200,000,000, registered in the name of a nominee for Euroclear and Clearstream, with specified denominations of US$200,000 and integral multiples of US$1,000 in excess thereof.
CANBK Stock Price Movement
On Wednesday, shares of Canara Bank shed 0.72%, settling at ₹126.46 as the market closed for the session. The stock traded a volume of approximately 13.6 million shares throughout the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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