Canara Bank has raised Rs 1000 crore through allotment of Non Convertible, Perpetual, Taxable, Subordinated, Fully Paid Up, Unsecured, Basel III Compliant Additional Tier I Bonds 2021-22 Series III. The bank came out with issuance of Rs 1000 crore of Additional Tier I bonds on March 3, 2022. The bank received total bid amount of Rs 3133 crore, out of which full issuance of Rs 1000 crore was accepted at 8.07%.
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.
