State-owned Canara Bank on Thursday said it has raised Rs 3,000 crore via Tier I Bonds to fund business growth.
The bank has raised Rs 3,000 crore non-convertible, taxable, perpetual, subordinated, fully paid up, unsecured Basel III compliant additional Tier 1 Bonds 2024-25 Series I of face value Rs 1 crore, Canara Bank said in a regulatory filing.
The bonds carry a coupon rate of 8.27 per cent paid annually on August 29 every year, it said.
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