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Saturday, Feb 19, 2005

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Money & Banking - Public Sector Banks


Canara Bank bonds issue fully subscribed

Our Bureau

BANGALORE: The Rs 500-crore Tier II bond issue of Canara Bank has been fully subscribed.

The issue which opened on February 11 was closed on Thursday on receiving full subscription, said a Canara Bank press release.

The bonds have a maturity of 111 months and are rated "AAA/Stable" by Crisil and "LAAA" by ICRA, the release added.

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