Canara Bank successfully raises Tier II Bonds of Rs 2000 cr

Canara Bank has successfully raised Basel III Compliant Tier II Bonds, Series I. The bank came out with issuance of Rs. 2000 crore of Tier II Bonds on 25 August 2022. The bank received a total bid amount of Rs. 8932 crore, out of which full issuance of Rs. 2000 crore was accepted at 7.48%.

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