Canara Bank raises Rs 3,000 cr by Basel III bonds

Date posted: Friday 13 March 2020

State-owned Canara Bank said it has raised up to Rs 3,000 crore by issuing Basel-III-compliant bonds. The bank has issued and allotted Basel III-compliant tier II bonds amounting to Rs 3,000 crore, it said in a regulatory filing. The unsecured rated listed subordinated non-convertible fully paid up taxable redeemable bonds bearing coupon of 7.18 percent were given to 20 allottees on March 11, 2020, the bank said.

(Moneycontrol)