Issuance of BASEL-III Compliant Tier - II Bonds - Rs. 1000 Crore with an option to retain oversubscription, at the sole Discretion of the Bank for an amount of up to Rs. 2,000 Crore on private placement basis

• Security Code: 532483
• Company: CANBK

Canara Bank has informed BSE that as per the powers delegated by the Board of the Bank, the Bond Committee had decided to raise Basel III Compliant Tier -II Bonds amounting to Rs. 1000 Crore with an option to retain oversubscription, at the sole discretion of the Bank for an amount up to Rs. 2000 Crore on Private Placement basis.

The Issue was opened on April 18, 2016 and closed on this day i.e., April 27, 2016.

The Bank has successfully raised Rs. 3000 Crore under BASEL-III Compliant Tier-II Bonds with a coupon of 8.40% PA.