By Reshmi Basu
New York, March 26 - Canara Bank plans to sell Rs. 4 billion of 10-year redeemable unsecured tier II bonds in the form of promissory notes, according to a statement filed with the Bombay Stock Exchange.
The bonds will carry an interest rate of 9.90%.
Canara Bank is a commercial and consumer bank headquartered in Bangalore.
Issuer: Canara Bank
Amount: Rs. 4 billion
Issue: Redeemable unsecured tier II bonds
Maturity: March 28, 2017
Coupon: 9.90%
| Pricing date: | March 26
|
| Settlement date: | March 28
|
|
|
© 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.
