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Canara Bank Raises Rs 1,635 Crore Via Bonds

The capital was raised by issuing additional tier-1 bonds at 8.50 per cent coupon on December 31

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 State-owned Canara Bank on Thursday said it has raised Rs 1,635 crore through bonds, to fund business growth.

The capital was raised by issuing additional tier-1 bonds at 8.50 per cent coupon on December 31, the bank said in a statement.

The fund raise will help the bank boost its capital adequacy ratio, it said. 

(PTI)


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canara bank bonds business growth