Canara Bank has achieved a significant milestone in its inaugural Long Term Infrastructure Bonds issuance, securing Rs 5,000 crore at an attractive coupon rate of 7.54% per annum. The response from investors exceeded expectations, with bids totaling over Rs 14,180 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 have earned a top-notch rating of “AAA/Stable” from CARE Ratings Limited and India Ratings & Research Ltd. This successful fundraising underscores investor confidence and positions Canara Bank strategically in the realm of long-term infrastructure financing.
Canara Bank Successfully Raises Rs 5,000 Crore in Debut Long Term Infrastructure Bonds Issue
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