| Title | Canara Bank to raise INR 35 bln via tier-I bond issue on Nov 25, sources say |
|---|
| URL | https://informistmedia.com/MoneyWire/39425/Exclusive-Canara-Bank-to-raise-INR-35-bln-via-tier-I-bond-issue-on-Nov-25-sources-say |
|---|
| Category | Finance and Money --> Stock Market |
|---|
| Meta Keywords | CANARA BANK, BANKS. FUNDS, BONDS |
|---|
| Meta Description | State-owned Canara Bank will raise funds through Basel-III compliant additional tier-1 bonds on Nov. 25, sources in the know told Informist. This will be the first perpetual bond issued by the state-owned lender in the current financial year. |
|---|
| Owner | ankita shinde |
|---|
| Description |
|---|
| State-owned Canara Bank will raise funds through Basel-III compliant additional tier-1 bonds on Nov. 25, sources in the know told Informist. This will be the first perpetual bond issued by the state-owned lender in the current financial year. The bank will raise up to INR 35.00 billion through perpetual bonds, one of the sources said. The issuance will have a base size of INR 15.00 billion and a greenshoe option of INR 20 billion, according to the sources. |
