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Canara Bank raises Rs 5000 crore through bonds

28 Sep 2023 Evaluate

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.


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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