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Thursday, January 3, 2008


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News Update as at 18.00 hrs (IST)


Banking & Finance
Canara Bank Rs 700-cr bond issue opens on Jan 7

CHENNAI: Canara Bank has informed the BSE that the bank's issue of tier II bonds for Rs 700 crore opens on January 7 and closes on January 8. The deemed date of allotment is January 9.

The bonds come with a tenor of 120 months and carry a coupon rate of nine per cent per annum.

They have been rated AAA/Stable by Crisil and LAAA by ICRA. - Our Bureau

Prev: SEBI proposes to make debt offerings faster, cheaper
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