State-run lender Canara Bank has raised Rs 600 crore by issuing bonds.
In a filing to the Bombay Stock Exchange(BSE), the bank said, "we have collected total issue amount of Rs 600 crore under the said issue."
Last week the bank had said it would raise Rs 400 crore by issuing non-convertible subordinate perpetual Tier-I bonds with an additional option to raise another Rs 200 crore, if the issue is fully subscribed.
The bonds are with a coupon rate of 9.10 per cent per annum for the first 10 years. The issue, which opened on August 18, closed on August 21, 2009.
Shares of Canara Bank were trading at Rs 265.75, up 1.47 per cent in the late afternoon trade on the BSE.
