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Canara Bank launches issue of Foreign Currency Bonds under MTN programme

Capital Market 

Canara Bank launched a issuance of 5 year Senior Unsecured Bonds (Medium Term Notes) to the extent of USD 400 million under Medium Term Note (MTN) Programme, through its London branch on 21 March 2019 value date 28 March 2019 maturing on 28 March 2024.

It is priced at 5 year US Treasury plus 170 bps carrying a coupon of 3.875% fixed payable half yearly.

The Bonds will be listed in Singapore Stock Exchange and the funds raised will be utilized for deploying in long term assets by the Bank's foreign branches.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 22 2019. 16:12 IST