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Canara Bank proposes to raise up to Rs 4,000 cr through Basel III-Compliant Tier II bonds

Canara Bank proposes to raise up to Rs 4,000 cr through Basel III-Compliant Tier II bonds

Hyderabad, Mar 13 (UNI) Canara Bank is proposing to raise up to ₹4,000 crores through Basel III–Compliant Tier II Bonds.

The bond is rated AAA/Stable by CRISIL and CARE and will have a tenor of 10-years with 5 year

call option, the bank said in a release on Thursday.

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 crores during FY 2024-25.

The bank had already raised Tier 1 bonds of ₹ 3,000 crores 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).

UNI KNR BM

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