Issue closed on 27 April 2016
Canara Bank announced that as per the powers delegated by the Board of the Bank, the Bond Committee had decided to raise Basel III Compliant Tier -II Bonds amounting to Rs. 1000 crore with an option to retain oversubscription, at the sole discretion of the Bank for an amount up to Rs. 2000 crore on Private Placement basis.The Issue was opened on 18 April 2016 and closed on this day i.e., 27 April 2016.
The Bank has successfully raised Rs. 3000 crore under BASEL-III Compliant Tier-II Bonds with a coupon of 8.40% PA.
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