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Prospect News home > News index > List of issuers C > Headlines for Canara Bank > News item
Published on 8/21/2019 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

India’s Canara Bank redeems Rs. 600 million 9.1% tier 1 perpetuals

By Sarah Lizee

Olympia, Wash., Aug. 21 – Canara Bank redeemed its Rs. 600 million 9.1% unsecured non-convertible tier 1 series 2 perpetual bonds on Aug. 21, according to a notice.

The total redemption amount was Rs. 654.6 million, which includes interest.

The record date is July 22.

The lender is based in Bangalore, India.


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