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Canara Bank launches 5 year MTN Bonds to raise $200 million

13 Oct 2017 Evaluate

Canara Bank has launched a Tap Issuance of 5 year Medium Term Note (MTN) Bonds (issued earlier on August 10, 2017) to the extent of $200 million, through its London branch on October 11, 2017 value October 17, 2017 maturing on August 10, 2022. It is priced at 5 year US Treasury plus 119 bps carrying a coupon of 3.25% fixed payable half yearly.

The Bonds are listed in Singapore Stock Exchange and the funds raised are utilized for deploying in long term assets by the Bank’s foreign branches.

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.

Canara Bank Share Price

140.90 0.00 (0.00%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1101.50
PNB 112.95
Canara Bank 140.90
Bank Of Baroda 274.20
Union Bank Of India 177.00
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