Canara Bank raises ₹3,500 crore through AT1 bond issue
pre-market1 source ↓written by the desknot a recommendation
- through a Basel
- ₹3,500 crore
- with a face
- 3,500 bonds
- each
- ₹1 crore
Canara Bank has successfully raised ₹3,500 crore through a Basel III-compliant Additional Tier-1 (AT1) bond issue. The bonds, issued at a coupon rate of 7.55%, aim to strengthen the bank's capital base and enhance financial resilience.
• The bond issue included 3,500 bonds with a face value of ₹1 crore each.
• The funds will support the bank's capital adequacy under Basel III norms, potentially improving investor confidence.
Not investment advice. For informational purposes only.