Canara Bank Raises Rs 2,000 Crore Through Bonds
Canara Bank raised Rs 2,000 crore by issuing bonds to fund business growth. The bonds are non-convertible, taxable, and perpetual.
New Delhi, Feb 14 (PTI) State-owned Canara Bank on Wednesday said it has raised Rs 2,000 crore by issuing bonds to fund business growth.
The fund has been raised through non-convertible, taxable, perpetual, subordinated, fully paid up, unsecured Basel III compliant Additional Tier 1 bonds of face value Rs 1 crore each at a coupon of 8.40 per cent, Canara Bank said in a regulatory filing.
Additional Tier I bonds qualify as core capital or equity capital, and it is one of the means of raising capital by banks.
The fund has been raised through non-convertible, taxable, perpetual, subordinated, fully paid up, unsecured Basel III compliant Additional Tier 1 bonds of face value Rs 1 crore each at a coupon of 8.40 per cent, Canara Bank said in a regulatory filing.
Additional Tier I bonds qualify as core capital or equity capital, and it is one of the means of raising capital by banks.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Bharat-Coking-Coal
- 42.58 (+ 85.13)
- 84549878
- Vodafone-Idea
- 10.64 ( -1.75)
- 23233150
- Alstone-Textiles
- 0.20 ( 0.00)
- 18819688
- YES-Bank-Ltd
- 22.84 ( -2.64)
- 14773532
- Ola-Electric-Mobilit
- 36.04 ( -3.25)
- 11425667
MORE NEWS
© 2026 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback