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The Hindu
The Hindu
The Hindu Bureau

Canara Bank raises ₹5,000 crore in Long Term Infrastructure Bond

Canara Bank has said that it raised ₹5,000 crore in Long Term Infrastructure Bond, Series I Bonds during the current fiscal.

Canara Bank in its maiden issuance of Long Term Infrastructure Bonds has raised ₹ 5,000 crore, at a coupon rate of 7.54% per annum, it said in a statement.

The issue received overwhelming response from investors, with bids for more than ₹14,180 crore against a base issue size of ₹1,000 crore and green shoe option of ₹4,000 crore, the bank said.

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