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| Exchange Disseminated Time | Canara Bank has informed BSE that as per the powers delegated by the Board of the bank, the Bond Committee, during the course of its meeting held on February 02, 2015, decided to raise Additional Tier- I instruments amounting to Rs. 1500 Crore through issue of BASEL-III complaint Additional Tier-I Perpetual Bonds by way of Private Placement.
The Bank received ratings of "IND AA" from M/s India Ratings & Research Private Limited & '[ICRA] AA (hyb)' (Pronounced ICRA Double A Hybrid with Stable Outlook) from ICRA Limited for the proposed issue of the said Bonds.
Accordingly, the Bank is taking the necessary steps in this regard. |
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