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Canara Bank raises Rs2,000 crore via Basel III Tier I bonds

The bank stated that it received a total bid amount of Rs5,825 crore.

September 16, 2022 12:49 IST | India Infoline News Service
Canara Bank Limited informed that the bank has successfully raised Basel III Compliant Additional Tier I Bonds, Series II.

The bank came out with the issuance of Rs2,000 crore of Additional Tier I bonds on September 14, 2022.

The bank stated that it received a total bid amount of Rs5,825 crore, out of which all Rs2,000 crore was accepted.

The bonds are accepted at 7.99% and have been made to 17 allottees.

At around 12.51 PM, Canara Bank was trading at Rs246.30 down by 2.59% from its previous closing of Rs252.85 on the BSE. The scrip touched intraday high and low of Rs254.40 and Rs246.20 respectively. 

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