Business EconomyPosted at: Dec 2 2021 10:40PM

Canara Bank raises Rs 1,500 crore in Basel III-compliant AT1 bonds series

Kochi, Dec 2 (UNI) Canara Bank has raised Rs 1,500 crore in Basel III-Compliant Additional Tier 1 (AT1) bonds Series II, at a coupon rate of 8.05% per annum.
The issue received overwhelming response from investors, with bids for more than Rs 4,699 crore against a base issue size of Rs 500 crore, a press release said here on Thursday.
Based on the response, the Bank has decided to accept Rs 1,500 crore at a coupon rate of 8.05% per annum.
The AT1 instrument is perpetual in nature. However, it can be called back by the issuer after five years or any anniversary date thereafter.
The Bank’s AT1 bonds are rated AA+ by CRISIL and India Ratings & Research Ltd.
This is the Second AT1 bond issuance of the Bank post the new SEBI regulations, During October 2021 bank has raised Basel III Compliant Additional Tier I bonds of Rs 1500 Crore.
UNI DS SHK2240

Please log in to get detailed story.

Tags: #Canara Bank raises Rs 1 #500 crore in Basel III-compliant AT1 bonds series

Canara Bank raises Rs 1,500 crore in Basel III-compliant AT1 bonds series

Arun Alagappan appointed as Executive Chairman of Coromandel International

Tech Mahindra net at Rs 661 crore in Q4; Company gives dividend of Rs 28 per share

Kottayam-Kochi Rubber Market Rates

Indusind Bank net up 15 pc in Q4

THIRUVANATHAPURAM, APR 25 (UNI):- Students performing a dance, 'I Vote for Sure' as part of voter awareness programme of election, organised by Election Commission, in Thiruvananthapuram on Thursday. UNI PHOTO-126U

THIRUVANATHAPURAM, APR 25 (UNI):- Students performing a dance, 'I Vote for Sure' as part of voter awareness programme of election, organised by Election Commission, in Thiruvananthapuram on Thursday. UNI PHOTO-125U

VONTIMITTA (ANDHRA PRADESH), APR 25 (UNI):- On Thursday, the last day of Sri Kodandaramaswamy's annual Brahmotsavam, Chakrasnanam was held at Pushkarini near the temple. A significant number of devotees participated and performed holy baths on the occasion. UNI PHOTO-124U

PURI, APR 25 (UNI):- On the occasion of second phase of voting sand artist Sudarsan Pattnaik created a sand sculpture with the message 'My Vote My Duty', at Puri beach in Odisha on Thursday. UNI PHOTO-123U

KHAMMAM (TELANGANA), APR 25 (UNI):- Congress Khammam candidate Ramasahayam Raghuram Reddy, filing nomination paper for Lok Sabha elections in presence of Telangana Minister Tummala Nageswara Rao, Ponguleti Sudhakar and MP Renuka Chaudhary, in Khammam on Thursday. UNI PHOTO-122U

KHAMMAM (TELANGANA), APR 25 (UNI):- Congress Khammam candidate Ramasahayam Raghuram Reddy, during a roadshow along with Telangana Minister Ponguleti Sudhakar and MP Renuka Chaudhary, before filing nomination papers for Lok Sabha elections, in Khammam on Thursday. UNI PHOTO-121U

MALAPPURAM, APR 25 (UNI):- Polling officials engaging to arrange the 'Women's friendly polling station' (Model Polling Booth) for the second phase Lok Sabha polls, at St.Jemmas School, on Thursday. UNI PHOTO-120U

MALAPPURAM, APR 25 (UNI):- Polling officials engaging to arrange the 'Women's friendly polling station' (Model Polling Booth) for the second phase Lok Sabha polls, at St.Jemmas School, on Thursday. UNI PHOTO-119U

KANNUR, APR 25 (UNI):- District Collector and Election officer Arun K Vijayan watching the trial run of the 'Web casting control room' arranged at the Collectorate auditorium, ahead of the second phase Lok Sabha polls, on Thursday. UNI PHOTO-117U

KOLKATA, APR 25 (UNI):- BJP Barrackpore Lok Sabha candidate Arjun Singh during election campaign, in Kolkata on Thursday. UNI PHOTO-116U

BENGALURU, APR 25 (UNI):- Polling officials are preparing for tomorrow's polling for the 2nd Phase General Elections-2024 at St. Thomas Public School, Church Road, Thippasandra, Indiranagar, in Bengaluru on Thursday. UNI PHOTO-114U

RANCHI, APR 25 (UNI):- Health workers sanitise the village after an outbreak of H5N1 Influenza Bird Flu at Hotwar, in Ranchi on Thursday. UNI PHOTO-113U

BENGALURU, APR 25 (UNI):- Polling officials preparing for tomorrow's polling for the 2nd Phase General Elections-2024 at St. Thomas Public School, Church Road, Thippasandra, Indiranagar, in Bengaluru on Thursday. UNI PHOTO-112U

GIRIDIH, APR 25 (uni):- Kalpana Soren, the candidate from Jharkhand Mukti Morcha (JMM) party for Gandey Assembly constituency, spouse of Ex-CM of Jharkhand Hemant Soren, has been announced officially for the Gandey MLA by-poll under Giridih district of Jharkhand on Thursday. UNI PHOTO-111U

RANCHI, APR 25 (UNI):- Health workers sanitise the village after an outbreak of H5N1 Influenza Bird Flu at Hotwar, in Ranchi on Thursday. UNI PHOTO-110U

PALAKKAD, APR 25 (UNI):- Polling officials team on the way to their respective polling booths by carrying the EVMS and elections materials to conduct the second phase of Lok Sabha polls scheduled on April 26 from the distribution center at Vyasa Vidhya Peedom in Kongad, on Thursday. UNI PHOTO-109U

WAYANAD, APR 25 (UNI):- Polling officials team on the way to their respective polling booths by carrying the EVMS and elections materials to conduct the second phase Lok Sabha polls scheduled on April 26 from the distribution center at Chungathara Marthoma HSS in Wandoor, on Thursday. UNI PHOTO-108U

WAYANAD, APR 25 (UNI):- Polling officials team on the way to their respective polling booths by carrying the EVM and elections materials to conduct the Lok Sabha polls elections scheduled on April 26 from the distribution center at St. Marys College, Sulthan Bathery, on Thursday. UNI PHOTO-107U