Money & Banking

Canara Bank allots Basel III compliant tier I bonds worth ₹1,012 crore

Our Bureau Bengaluru | Updated on September 11, 2020 Published on September 11, 2020

Canara Bank said it has allotted Basel III compliant additional tier I bonds of ₹1,012 crore to three allottees.

The Bank, in a regulatory filing to exchanges, said bonds totalling 10,120 allotments was made on September 11. The Basel III-compliant bond which is 8.30 per cent non-convertible, perpetual, taxable, subordinated, fully paid up, unsecured Basel III compliant additional tier I bond issue opened on September 9 and closed on the same day.

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Published on September 11, 2020
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