Canara Bank raises Rs 5,000 crore via Tier II Bonds
The bonds were allotted on February 27, 2026 and will be listed on NSE
Canara Bank has raised Rs 5,000 crore through the allotment of 7.24% Unsecured, Subordinated, Listed, Rated, Non-Convertible, Redeemable, Fully-paid-up, Taxable, Basel III Compliant Tier II Bonds in the nature of Debentures of face Value Rs 1 crore each. The bonds were allotted on February 27, 2026 and will be listed on NSE.
Canara Bank is an Indian state-owned bank headquartered in Bangalore, in Karnataka. It was established at Mangalore in 1906, making it one of the oldest banks in the country.
