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Canara Bank on Thursday (March 13, 2025) said it was proposing to raise up to ₹4,000 crore through Basel III–compliant Tier II Bonds.
According to a statement from the bank, the bond is rated AAA/Stable by CRISIL and CARE and will have a tenor of 10-years with five year call option.
The Board of Directors of the bank had approved to raise Capital by way of Basel III Compliant Additional Tier I Bonds of ₹4,000 crore and Tier II Bonds of ₹4,500 crore during FY 2024-25.
The bank had already raised Tier 1 bonds of ₹3,000 crore in the month of August 2024.
The bidding for the above Tier II bonds of Canara Bank will be held on March 17, 2025 through NSE Electronic Bidding Platform (EBP).
Published – March 13, 2025 05:12 pm IST
