Canara Financial institution raises ₹2,000 crore in AT1 bonds

Mumbai: State-owned Canara Financial institution on Thursday stated it has raised ₹2,000 crore in Basel III-compliant further tier I (AT 1) bonds, at a discount price of seven.99% in keeping with annum. The cutoff of seven.99% for ₹2,000 crore of AT-I bonds issuance is 25 foundation issues (bps) less than the cutoff of 8.24% for … Read more