Canara Bank Strengthens Capital Base: Rises ₹4,000 Crore Through Basel III Tier II Bond Issue

Unknown Apr 02, 2026 950 Views

Canara Bank has raised ₹4,000 crore (₹40 billion) successfully by issuing Basel III-compliant Tier II bonds with a 10-year tenor and a call option of 5 years to strengthen its capital base. The bonds were priced at a coupon rate of 7.46%. Highlights of the issue: 1.Base size of...