MoneyWorks4Me

Canara Bank raises Rs 1403 crore via Bonds

11 Dec 2023 Evaluate

Canara Bank has raised Rs 1403 crore via Non-Convertible, Taxable, Perpetual, Subordinated, Fully Paid Up, Unsecured Basel III Compliant Additional Tier 1 Bonds of face value Rs 1 crore each at a coupon of 8.40%. The said bonds are proposed to be listed on National Stock Exchange of India.

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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