Canara and ICICI Bank to raise ₹7,500 crore via bonds
pre-market1 source ↓written by the desknot a recommendation
- in the bond
- ₹7,500 crore
- in 15-year tier-2
- ₹4,000 crore
- tier-2 bonds
- 27 Nov 2023
- in additional tier-1
- ₹3,500 crore
- tier-1 bonds
- 28 Nov 2023
Canara Bank and ICICI Bank are set to raise a total of ₹7,500 crore in the bond market this week. ICICI plans to issue ₹4,000 crore in 15-year tier-2 bonds on 27 Nov 2023, while Canara will offer ₹3,500 crore in additional tier-1 bonds on 28 Nov 2023. This move aims to bolster their capital adequacy ratios.
Not investment advice. For informational purposes only.