Issuance of BASEL-III Compliant Tier - I Bonds

With reference to the earlier letter dated October 14, 2016 wherein the Company had informed that the Board of the Bank has permitted the Bank to raise Additional Tier- I Capital Funds through issue of BASEL-III Compliant Tier I Perpetual in Rupee Terms domestically for an amount not exceeding Rs. 2500 Crore to maintain healthy CRAR during the current financial year.

Canara Bank has now informed BSE that accordingly, the Bank has raised an amount of Rs. 1000 Crore (out of the permitted amount of Rs. 2500 Crore) as Tranche- I on December 13, 2016 with a coupon of 8.60% PA.

Pdf Link: >Issuance of BASEL-III Compliant Tier - I Bonds

Source : BSE - >www.bseindia.com

Published on December 14, 2016
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