Canara Bank

Canara Bank raises Rs1,500 crore in Basel III-compliant Additional Tier I bonds 2021-22 Series II

Bengaluru, 02 December 2021: Canara Bank has raised Rs1,500 crore in Basel III-Compliant Additional Tier 1 (AT1) bonds Series II, at a coupon rate of 8.05% per annum.

The issue received overwhelming response from investors, with bids for more than Rs 4,699 crore against a base issue size of Rs 500 crore. Based on the response, the Bank has decided to accept Rs 1,500 crore at a coupon rate of 8.05% per annum.

The AT1 instrument is perpetual in nature. However, it can be called back by the issuer after five years or any anniversary date thereafter.

The Bank’s AT1 bonds are rated AA+ by CRISIL and India Ratings & Research Ltd.

This is the Second AT1 bond issuance of the Bank post the new SEBI regulations, During October 2021 bank has raised Basel III Compliant Additional Tier I bonds of Rs 1500 Crore.

Comments

Post a Comment

Popular posts from this blog

कोल्हापूर फिल्म कंपनी 'विठ्ठल दर्शन' अभिनेते जितेंद्र जोशी सादरीकरण करणार

Image
आषाढी एकादशीला  वारक-यांसाठी आगळंवेगळं  ‘ विठ्ठल दर्शन ’..! विठ्ठल भक्तांचा श्वास आणि ध्यास असणारी पंढरीची पायी वारी कोरोनामुळे यावर्षी थांबवावी लागली. विठ्ठला,जीवात जीव असेपर्यंत दरवर्षी पायी वारी करत तुझ्या दर्शनाला येईन असा विठ्ठलाला शब्द दिलेल्या वारकऱ्यांच्या काळजाचा जणू ठोकाच चुकला. या आषाढीला चंद्रभागेच्या तीरी झेंडा पताका फडकणार नाहीत, हरिनामाचा जयघोष होणार नाही, रिंगण होणार नाही, वारकऱ्यांना विठू माऊलीचं दर्शन घेता येणार नाही. याची देही याची डोळा विठ्ठलरूप मनात साठवता येणार नाही. धांवोनियां आलो पहावया मुख । गेले माझे दुःख जन्मांतरिंचे ॥ ऐकिले ही होते तैसे चि पाहिले । मन स्थिरावले तुझ्या पायी॥ तासनतास दर्शन रांगेत उभं राहून माऊलीचं दर्शन घेऊन मुक्ती अनुभवणारे आपले वारकरी. यावर्षी मात्र विठ्ठलाच्या वारकऱ्यांसाठीची आनंदाची पर्वणी अर्थात वारी आळंदीहून निघाली नाही. विठ्ठल भेटीची आस लागलेल्या तमाम विठ्ठल भक्तांसाठी काही करता येईल का असा विचार करत आषाढी एकादशी दिवशी लाखो वारकऱ्यांसाठी सचिन बाळासाहेब सुर्यवंशी यांचं लिखाण असलेलं विठ्ठलाचं एक आगळंवेगळं 'दर्शन' अभिनेते...
Read more

Racks & Rollers..

Racks & Rollers - Storage Technologies and Automation Limited’s SME Initial Public Offering to open on Tuesday, April 30, 2024, price band set at ₹73/- to ₹78/- per Equity Share Price Band of ₹73/- – ₹78/- per equity share bearing face value of ₹10/- each (“Equity Shares”) Bid/Offer Opening Date – Tuesday, April 30, 2024 and Bid/Offer Closing Date – Friday, May 03, 2024. Minimum Bid Lot is 1600 Equity Shares and in multiples of 1600 Equity Shares thereafter. The Floor Price is 7.3 times the face value of the Equity Share and the Cap Price is 7.8 times the face value of the Equity Share Mumbai, April 29, 2024: Bengaluru-based Racks & Rollers - Storage Technologies and Automation Limited is engaged in a storage racking system, with specialising in design, manufacturing, installation services of metal storage racks, automated warehouses and other storage solutions, has fixed the price band of ₹73/- to ₹78/- per Equity Share of face value ₹10/- each for its maiden ini...
Read more

Retail Jeweller MD & CEO Awards 2024: Excellence takes the spotlight

Image
Retail Jeweller MD & CEO Awards 2024: Excellence takes the spotlight (Photo Caption : Samit Bhatta, Associate Publisher, The Retail Jeweller India, Zoya Afroz, Indian actress and model, Sanya Malhotra, Bollywood superstar and Dev Shetty, Founder & CEO, Fura Gems, Retail Jeweller MD & CEO Awards 2024 in Mumbai) The prestigious awards ceremony felicitated industry leaders from across 27 categories that assessed nominees based on multiple criteria such as retail best practices, marketing, shareholder value creation, technology adoption, omnichannel and more MUMBAI, 4th January, 2024: The Indian jewellery industry is undergoing an unprecedented transformation towards organising their operations and managing products, technology and people optimally. The Retail Jeweller MD & CEO Awards 2024, held at the JW Marriott, Sahar in Mumbai on January 3, upheld the distinguished contributions by MDs and CEOs - leaders whose vision has increased the cumulative market-share of jeweller...
Read more