Canara Bank plans to raise funds through sale of certificates of deposit

The notes are rated A1+ by CRISIL

Canara Bank
The state-run lender will offer a yield of 6.92% on the issue, for which it has received commitments worth 10 billion rupees ($121.03 million) so far, the bankers said
Reuters MUMBAI
1 min read Last Updated : Jan 02 2023 | 3:40 PM IST

MUMBAI (Reuters) - India's Canara Bank plans to raise funds through the sale of certificates of deposit maturing in three months, three merchant bankers said on Monday.

The state-run lender will offer a yield of 6.92% on the issue, for which it has received commitments worth 10 billion rupees ($121.03 million) so far, the bankers said.

The notes are rated A1+ by CRISIL.

($1 = 82.6250 Indian rupees)

 

(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)

(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.)

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Topics :Canara Bank

First Published: Jan 02 2023 | 3:40 PM IST

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