Canara Bank is planning to raise about $300 million through bonds under Medium Term Notes (MTNs) mostly for refinancing business and buffer to repay bonds maturing in near future. This is follow-on fundraising after it raised $400 million in August. The size and pricing for the tap bond issuance is yet to be finalised and would depend on market response. The bonds will be listed on the Singapore Exchange (SGX-ST).
Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.
| Company Name | CMP |
|---|---|
| SBI | 1101.50 |
| PNB | 112.95 |
| Canara Bank | 140.90 |
| Bank Of Baroda | 274.20 |
| Union Bank Of India | 177.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: