India's Canara Bank closes tier I bond issue, raises Rs. 15 billion

By Tali Rackner

Norfolk, Va., March 5 – Canara Bank informed the Bombay Stock Exchange that it raised Rs. 15 billion through an issue of additional Basel III-compliant tier I perpetual bonds.

The issue was open from Feb. 16 through Thursday.

The Bangalore, India-based bank ranks as the fifth-largest public sector bank in India in total assets.

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