Canara Bank raises Rs 2,000 cr by issuing Basel III compliant bonds

Photo of author
Written By WindowsHindi

Lorem ipsum dolor sit amet consectetur pulvinar ligula augue quis venenatis. 




on Tuesday said it has raised Rs 2,000 crore by issuing Basel III compliant additional tier I bonds this month.


The bank came out with the issuance of Rs 2,000 crore of additional tier-I bonds on July 15, 2022.


“The bank received total bid amount of Rs 5,719 crore, out of which full issuance of Rs 2,000 crore was accepted at 8.24 per cent,” said in a regulatory filing.


The state-owned lender said it issued 2,000 bonds to 21 allottees on July 19, 2022.


The non-convertible, perpetual, taxable, subordinated, fully paid-up secured Basel III compliant additional tier I bonds carry coupon at 8.24 per cent per annum.


Under the Basel-III capital regulations, globally need to improve and strengthen their capital planning processes.


Shares of closed 4.03 per cent higher at Rs 223.15 apiece 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.)




Source link

Leave a Comment