MoneyWorks4Me

Canara Bank raises Rs 3000 crore via bonds

11 Mar 2020 Evaluate

Canara Bank has raised Rs 3000 crore through the allotment of Unsecured Rated Listed Subordinated Non Convertible Fully Paid up Taxable Redeemable Basel III Compliant Tier II Bonds - Series I 2019-20 with a coupon rate of 7.18 per cent.

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.


Peers
Company Name CMP
State Bank Of India 959.05
PNB 111.70
Bank Of Baroda 233.10
Canara Bank 118.95
Union Bank Of India 167.50
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