Canara Bank has raised Rs 5000 crore through Non-convertible, Taxable, Redeemable, Unsecured, Fully Paid-up Long-Term Bonds in the nature of debentures of face value Rs 1 lakh each at a coupon of 7.54 %. Interest shall be paid annually on September 27 every year.
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.