Business
Canara Bank plans to raise Rs 4,500 crore through AT-1 bonds next week
Reported by Faizan Khan (Staff Writer) · Economic Times - Markets ·
Representative image · Wikimedia CommonsCanara Bank plans to raise Rs 4,500 crore through AT-1 bonds next week. Canara Bank plans to raise up to Rs 4,500 crore through Basel III-compliant AT-1 bonds next week at an expected 7.85%-7.90% coupon. The issue is part of its Rs 8,500 crore fiscal capital plan, with Tier 2 bonds planned later.
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