Canara Bank to issue ₹4,000 crore Basel-III compliant Tier-II bonds with AAA rating, bidding on March 17, 2025.

FINANCE

Canara Bank to issue ₹4,000 crore Basel-III compliant Tier-II bonds with AAA rating, bidding on March 17, 2025.

AIMPWA

March 13, 2025

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After raising ₹3,000 crore through tier-I bonds in August 2024, Canara Bank’s Board of Directors has now approved the issuance of ₹4,000 crore in Basel III–compliant tier-II bonds of ₹4,500 crore during FY 2024-25.

The bond is rated AAA/Stable by CRISIL and CARE and will have a tenor of 10-years with 5-year call option.

The bidding for the above tier II bonds will be held on March 17, 2025 through NSE Electronic Bidding Platform (EBP).

The shares of the company closed at ₹82.74, up by 0.35 per cent on the BSE.

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