{"id":4333,"date":"2022-03-05T13:49:14","date_gmt":"2022-03-05T08:19:14","guid":{"rendered":"https:\/\/timesofpowerandvoice.com\/?p=4333"},"modified":"2022-03-05T13:49:17","modified_gmt":"2022-03-05T08:19:17","slug":"canara-bank-raises-rs-1000-crore-in-basel-iii-compliant-additional-tier-i-series-iii-bonds-2021-22","status":"publish","type":"post","link":"https:\/\/timesofpowerandvoice.com\/?p=4333","title":{"rendered":"<strong>Canara Bank raises Rs 1000 crore in Basel III-compliant Additional Tier I, Series III Bonds 2021-22<\/strong><strong>,<\/strong>"},"content":{"rendered":"\n<p>Canara Bank has raised Rs 1000 crore in Basel III-Compliant Additional Tier I, Series III bonds, at a coupon rate of 8.07% per annum.<\/p>\n\n\n\n<p>The issue received overwhelming response from investors, with bids for more than Rs 3,133 crore against a base issue size of Rs 250 crore and green shoe option of Rs. 750 crore. Based on the response, the Bank has decided &nbsp;&nbsp;to &nbsp;&nbsp;accept Rs 1,000 crore at a coupon rate of 8.07% per annum.<\/p>\n\n\n\n<p>The said Tier I bonds are perpetual in nature. However, it can be called back by the issuer after fifth anniversary from the deemed date of allotment or any anniversary date thereafter.<\/p>\n\n\n\n<p>The Bank\u2019s Additional Tier I bonds are rated AA+ by CRISIL Ratings and India Ratings &amp; Research Ltd.<\/p>\n\n\n\n<p>This is the third series of Additional Tier I bond issuance of the Bank for the financial year 2021-22. During FY 2021 -22, Bank has &nbsp;raised &nbsp;Basel &nbsp;III &nbsp;Compliant &nbsp;Additional &nbsp;Tier &nbsp;I &nbsp;bonds &nbsp;of Rs. 4,000 crore and Tier II bonds of Rs. 2,500 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canara Bank has raised Rs 1000 crore in Basel III-Compliant Additional Tier I, Series III bonds, at a coupon rate of 8.07% per annum. The issue received overwhelming response from investors, with bids for more than Rs 3,133 crore against a base issue size of Rs 250 crore and green shoe option of Rs. 750 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[112,71],"tags":[],"class_list":["post-4333","post","type-post","status-publish","format-standard","hentry","category-bank","category-business"],"_links":{"self":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts\/4333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4333"}],"version-history":[{"count":1,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts\/4333\/revisions"}],"predecessor-version":[{"id":4334,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts\/4333\/revisions\/4334"}],"wp:attachment":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}