trending Market Intelligence /marketintelligence/en/news-insights/trending/49HsQUZFv-_omOtgZiXzEQ2 content esgSubNav
In This List

Canara Bank raises up to US$400M in senior bonds

Blog

Banking Essentials Newsletter May 29th Edition

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition


Canara Bank raises up to US$400M in senior bonds

Canara Bank is raising up to US$400 million by issuing senior unsecured bonds through its London branch.

The bonds were priced at five-year U.S. Treasury plus 170 basis points with a coupon of 3.875%. The bonds will mature March 28, 2024.

Proceeds from the issue will be used for deploying long-term assets by the bank's overseas branches.