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Canara Bank to raise up to Rs 3,500 crore through Tier II bonds

Its last capital raise via Tier II bonds for Rs 2,500 crore was in December 2021 at coupon of 7.09 per cent

Topics
public sector banks | Canara Bank

Abhijit Lele  |  Mumbai 



Canara Bank
Rating agency ICRA has assigned AAA rating with stable outlook to Canara Bank’s proposed Tier II bonds issuance.

Public sector lender plans to raise upto Re 3,500 crore through tier II bonds in tranches for enhancing capital adequacy ratio to meet growth requirements.

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First Published: Wed, August 24 2022. 01:45 IST

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