Canara Bank has launched an issuance of 5 year Senior Unsecured Bonds (Medium Term Notes) to the extent of $400 million under Medium Term Note (MTN) Programme, through its London branch on March 21, 2019 value date March 28, 2019 maturing on March 28, 2024. It is priced at 5 year US Treasury plus 170 bps carrying a coupon of 3.875% fixed payable half yearly.
The Bonds will be listed in Singapore Stock Exchange and the funds raised will be 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.
| 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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