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"The issue received overwhelming response from investors, with bids for more than Rs 14,180 crore against a base issue size of Rs 1,000 crore and green shoe option of Rs 4,000 crore," it said
 "Canara Bank raises Rs 5,000 crore at coupon rate of 7.54 % per annum")
The Canara Bank has in its maiden issuance of Long Term Infrastructure Bonds raised Rs 5,000 crore at a coupon rate of 7.54 per cent per annum.
"The issue received overwhelming response from investors, with bids for more than Rs 14,180 crore against a base issue size of Rs 1,000 crore and green shoe option of Rs 4,000 crore," it said in a statement.
The Bank's Long Term Infrastructure Bonds are rated as "AAA/Stable" by CARE Ratings Limited and India Ratings & Research Ltd, it was stated.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Sep 28 2023 | 10:35 AM IST
