Canara Bank raises Rs 325 cr via bonds

Canara Bank raises Rs 325 cr via bonds

BS Reporter / Bangalore January 07, 2009, 14:03 IST

Canara Bank today said it has raised Rs 325 crore by way of lower tier-II bonds of 10 years maturity at a coupon rate of 8.08 per cent payable annually.

The bonds are rated AAA by ICRA and CRISIL, the bank said in a statement.