Canara Bank has successfully raised Basel III Compliant Additional Tier I Bonds, Series II. The bank came out with issuance of Rs 1500 crore of Additional Tier I bonds on November 30, 2021. The bank received total bid amount of Rs 4699 crore, out of which full issuance of Rs 1500 crore was accepted at 8.05%.
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.