DBT Bureau
Pune, 14 March 2025
Canara Bank is proposing to raise up to Rs4,000 crores through Basel III–compliant Tier II Bonds. The bond is rated AAA/Stable by CRISIL and CARE and will have a tenor of 10-years with 5 year call option.
The Board of Directors of the bank had approved to raise Capital by way of Basel III Compliant Additional Tier I Bonds of Rs 4,000 crore and Tier II Bonds of Rs 4,500 crores during FY 2024-25. The bank had already raised Tier 1 bonds of Rs 3,000 crores in the month of August 2024.
The bidding for the above Tier II bonds of Canara Bank will be held on March 17, 2025 through NSE Electronic Bidding Platform (EBP).
