New Issue: India's Canara Bank sells Rs. 6 billion in bonds; greenshoe exercised

By Devika Patel

Knoxville, Tenn., Aug. 24 - Canara Bank informed the Bombay Stock Exchange that it completed a Rs. 6 billion offering of unsecured subordinated perpetual tier I bonds. The offer priced for Rs. 4 billion with a Rs. 2 billion greenshoe on Aug. 17.

The bonds were issued with a par value of Rs. 1 million.

Canara Bank is a commercial and consumer bank based in Bangalore, India.

Issuer:	Canara Bank
Issue:	Unsecured subordinated perpetual tier I bonds
Amount:	Rs. 6 billion, including fully exercised Rs. 2 billion greenshoe
Maturity:	Perpetual
Price:	Par of Rs. 1 million
Pricing date:	Aug. 17
Settlement date:	Aug. 24

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.