Canara Bank Raises ₹3,500 Crore Through Basel III Compliant AT1 Bond Issue

Canara Bank raised ₹3,500 crore through Basel III-compliant AT1 bonds, which will enhance its core capital and boost investor confidence.

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Canara Bank Raises ₹3,500 Crore Through Basel III Compliant AT1 Bond Issue

Canara Bank Raises ₹3,500 Crore Through Basel III Compliant AT1 Bond Issue
Canara Bank successfully raised ₹3,500 crore through a new issuance of Basel III-compliant Additional Tier I (AT1) bonds, which are unsecured, perpetual, and offer a 7.55% annual coupon. The bonds were fully subscribed, reflecting strong investor demand. This capital infusion will strengthen the bank's core capital and enhance its financial resilience, positioning Canara Bank for future growth. 
Companies:
  • Canara Bank
Tags:
  • Canara Bank
  • Basel III