Canara Bank raises $350 mn

Canara Bank raises $350 mn

BS Reporter / Mumbai March 05, 2011, 0:40 IST

Canara Bank has raised $350 million (Rs 1,575 crore) through issue of senior unsecured bonds under its medium-term note programme via its London branch, the bank said in a filing on Friday. The bonds have a coupon rate of 5.1 per cent per annum with a tenure of 5.5 years.