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Public-sector lender Canara Bank on Friday said it has raised $350 million (about Rs 1,575 crore) through issuance of bonds.
“The bank has raised $350 million through issue of senior unsecured bonds under medium-term note (MTN) programme yesterday through its London Branch,” the bank said in a filing to the Bombay Stock Exchange (BSE).
The interest rate for the bond is 5.125 per cent per annum and is for a period of 5.5 years. It further said the bonds are listed on the Singapore Stock Exchange.
Shares of Canara Bank today ended at Rs 610.30 on the BSE, down 1.36 per cent from its previous close.
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