MoneyWorks4Me

Canara Bank informs about company updates

28 Apr 2016 Evaluate

Canara Bank has informed 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 April 18, 2016 and closed on this day i.e., April 27, 2016. The Bank has successfully raised Rs 3000 Crore under BASEL-III Compliant Tier-II Bonds with a coupon of 8.40% PA.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
State Bank Of India 959.00
PNB 112.00
Bank Of Baroda 232.35
Canara Bank 118.60
Union Bank Of India 168.10
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