Canara Bank raises $500 m senior unsecured bonds

Canara Bank has raised $ 500 million through the issue of Senior Unsecured Bonds under the $2 billion medium term note (MTN) programme through the bank's London branch.

According to the bank’s release to exchanges, the coupon rate is 5.25 per cent per annum. The tenure of the bonds is five years. The bonds are listed on the Singapore Stock Exchange.

anil.u@thehindu.co.in

Source: thehindubusinessline