India New Issue-Canara Bank accepts bids for perpetual bonds, bankers say

Canara Bank

16/09/2026 09:26

MUMBAI, Sept 16 (Reuters) - India's Canara Bank CNBK.NS accepted bids worth 20.42 billion rupees ($212.80 million) in a sale of perpetual bonds, three bankers said on Wednesday.
The state-run lender will pay a coupon of 8.10% and had invited commitment bids from bankers and investors earlier in the day, they said.
Canara Bank did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on September 16: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Canara Bank 
perpetual
8.10
20.42
September 16
AA+ (Crisil, Icra)
Kotak Mahindra Prime 7.83% 2028 Reissue
1 year and 10 months
To be decided
1.5
September 17
AAA (Crisil, Icra)
Kotak Mahindra Prime 7.09% 2028 reissue 
1 year and 11 months
To be decided
1.5
September 17
AAA (Crisil)
Kotak Mahindra Prime 
2 years and 9 months
7.9360
3+2
September 17
AAA (Crisil)
Avaada Ventures
3 years
11.75
2.75
September 17
BBB+ (India Ratings)
Avaada Ventures
3 years
11.75
32.40
September 17
BBB+ (India Ratings)
Godrej Housing Finance
5 years
8.40
4.6
September 16
AA+ (Crisil)
PNB Housing Finance
5 years
8.1350
6
September 16
AAA (Care, India Ratings)
Godrej Industries
5 years and 6 months
8.50
7.5
September 16
AA+ (Crisil, Icra)
Bajaj Housing Finance 2036 reissue
9 years, 10 months and 17 days
To be decided
5+10
September 17
AAA(Crisil, India Ratings)
Reliance Industries
5 years
7.47
125
September 15
AAA (Crisil)

*Size includes base plus greenshoe for some issues 

($1 = 95.9600 Indian rupees)

 (Reporting by Khushi Malhotra; Editing by Eileen Soreng)
 ((Khushi.malhotra@tr.com))