positive
Recently
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.
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.