State-owned Canara Bank on Wednesday said it has mobilised USD 300 million via the IFSC Banking Unit.
The net proceeds from the issue of the notes will be applied by the Issuer's IFSC Banking Unit at Gandhinagar towards the general corporate purposes, Canara Bank said in a regulatory filing.
The bonds with maturity of 5 years carry a coupon rate of 4.896 to be paid semi annually, it said.
Commenting on the occasion, Canara Bank MD and CEO K Satyanarayana Raju said, "We are delighted on the successful launch and pricing of this transaction, which enabled us to achieve a 30-bps tightening from the initial price guidance to final price guidance."
The issuance was widely subscribed by investors across Asia, Middle East and Europe demonstrating the strong confidence in the Canara Bank's credit, he said.
Gautam Rode reveals how he took Pankhuri Awasthy to introduce her to his friends for the first time before getting married and she didn’t ‘utter a word’
Jimmy Fallon plans to tape his mouth shut for a better night's sleep
JESSE WATTERS: No one is really voting for Kamala Harris
Ag nee man! Christiaan Bezuidenhout the only Saffa picked for Presidents Cup
Court locks in Bungie's $4.4 million win against Destiny 2 cheat maker, refuses request for a new trial
Spectre Divide launches with outrageous $90 gun skins out the gate, which only makes its broken matchmaking more annoying
Risk of Rain 2 creators weigh in on Gearbox's first DLC without them: 'It's great to see new content for the game, but it's hard to see growing pains of the new team in real time'
Risk of Rain 2's creators, along with 'many other' devs from Hopoo, have been snapped up by Valve—which means the end of the studio's unannounced game
1 и 2 сентября филиал РТРС «РТПЦ Республики Мордовия» и Министерство образования Республики Мордовия проведут совместную акцию, приуроченную ко Дню знаний и началу нового учебного года.
Беседа – предостережение
«Россия против террора!»,
ко Дню солидарности в борьбе с терроризмом.
Выставка-обращение «Наш мир без террора»
Выставка крымского имени «Тайны души и творчества Алемдара Караманова»
