Articles for tag: 5Year, Bank, Bonds, Canara, Confidence, Investor, Million, Secures, Strong

Canara Bank Secures $300 Million with 5-Year Bonds Amid Strong Investor Confidence

Canara Bank has successfully raised $300 million through its IFSC Banking Unit, as announced on September 4, 2024. The funds will be utilized for general corporate purposes and come from bonds maturing in five years, featuring a coupon rate of 4.896% paid semi-annually. The bank’s Managing Director and CEO, K Satyanarayana Raju, expressed satisfaction with ...