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Canara Bank raises Rs 1500 crore via Bonds

02 Dec 2021 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 997.00
PNB 116.65
Bank Of Baroda 237.80
Canara Bank 123.90
Union Bank Of India 178.00
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