Canara Bank raises Rs 2000 crore via AT 1 bond issuance

Image
Capital Market
Last Updated : Jul 19 2022 | 4:32 PM IST
Sign up for the Race/Related Newsletter join a deep and provocative exploration of race identity and society with New York Times journalists. Get it sent to your inbox.
Canara Bank has raised Rs 2000 crore by way of allotment of 2000 8.24% Non-Convertible, Perpetual, Taxable, Subordinated, Fully Paid Up, Unsecured, Basel III Compliant Additional Tier I Bonds on 19 July 2022.

The Bank came out with issuance of Rs. 2000 crore of Additional Tier I bonds on 15 July 2022. The bank received total bid amount of Rs. 5719 crore, out of which full issuance of Rs. 2000 crore was accepted at 8.24%.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 19 2022 | 4:19 PM IST

Next Story