Home / Finance / News / Canara Bank raises Rs 1,000 crore in capital through AT1 bonds

Canara Bank raises Rs 1,000 crore in capital through AT1 bonds

Bond market sources said the interest in the paper by the Bengaluru-based lender was strong with a demand book size of 2.7 times

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2 min read Last Updated : Mar 03 2022 | 11:58 PM IST

Public sector lender Canara Bank has raised Rs 1,000 crore in capital through additional tier I bonds (AT 1 bonds) at a coupon of 8.07 per cent to support business growth.

The issue size was Rs 250 crore with a green shoe option of Rs 750 crore. It has a call option in March 2027.

Bond market sources said the interest in the paper by the Bengaluru-based lender was strong with a demand book size of 2.7 times.

The coupon of 8.07 per cent is a fine rate, given the adverse market conditions shaped by volatility. The previous AT1 offering from Canara Bank

Topics : Canara Bank at1 bonds

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