Canara Bank raises Rs 5000 crore in Long Term Infrastructure Bond, Series II Bonds 2023-24

Bengaluru,30 Nov 2023: Canara Bank in its issuance of Long Term Infrastructure Bonds has raised Rs. 5,000 crores, at a coupon rate of 7.68% per annum. The issue received an overwhelming response from investors, with bids for more than Rs. 12,450 crore against a base issue size of Rs 1,000 crore and a green shoe option of Rs. 4,000 crore.

The Bank’s Long Term Infrastructure Bonds are rated as “AAA/Stable” by CARE Ratings Limited and India Ratings & Research Ltd.