Updates on Raising of Additional Tier-I Capital Instruments in Rupee Terms

• Security Code: 532483
• Company: CANBK

With reference to the earlier letter dated October 06, 2016 regarding Raising of Additional Tier-I Capital Instruments in Rupee Terms, Canara Bank has now informed BSE that the majority of the Directors have taken note of the contents and the recommendations of the Bank in the Circular Note and consented to the following :

- To raise Additional Tier-I Capital Funds through BASEL-III Compliant Additional Tier-I Perpetual Bonds in Rupee Terms domestically for an amount not exceeding Rs. 2500 Crore in single tranche or in tranches depending on the Market Conditions to maintain healthy CRAR during the current financial year;

- To constitute a Bond Committee to determine the structure of the Issue Size, tenor, coupon, timing of the Issue, date of allotment, listing and other matters connected to the said Issue.