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| Exchange Disseminated Time 07/01/2016 18:07:10 | Canara Bank has informed BSE that as per the powers delegated by the Board of the Bank, the Bond Committee has decided to raise Basel III Compliant Tier -II Bonds amounting to Rs. 900 Crore (as Series - II) by way of Private Placement.
Accordingly, the Bank has successfully raised Rs. 900 Crore under BASEL-III Compliant Tier-II Bonds on January 07, 2016 with a coupon of 8.40 % PA.
With this, the Bank has raised Rs. 2400 Crore under BASEL-III Compliant Tier-II Bonds during the current financial year - 2015-16. |
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