State-owned Canara Bank raises Rs 1,500 crore through bonds
Stock of Canara Bank closed 1.71 per cent up at Rs 201.95 on BSE.
 "Canara Bank alleges Rs 5 bn fraud by Kolkata-based R P Infosystems")
State-owned Canara Bank on Monday said it has raised Rs 1,500 crore by issuing Basel-III compliant bonds.
The bank has issued and allotted Basel-III compliant additional tier I bonds amounting to Rs 1,500 crore, Canara Bank said in a regulatory filing.
The bank said as many as 16 allottees have been issued the non-convertible, perpetual, taxable, subordinated bonds bearing a coupon of 8.40 per cent, it said.
Stock of Canara Bank closed 1.71 per cent up at Rs 201.95 on BSE.
(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.)
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Oct 25 2021 | 7:23 PM IST