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Prospect News home > News index > List of issuers C > Headlines for Canara Bank > News item
Published on 3/20/2014 in the Prospect News Emerging Markets Daily.

India's Canara Bank plans to issue Rs. 10 billion of tier II bonds

By Marisa Wong

Madison, Wis., March 20 - Canara Bank plans to raise Rs. 10 billion through the issuance of Basel III-compliant tier II bonds, according to a Singapore Exchange announcement.

The Bangalore, India-based bank said it received ratings of AAA from Crisil Ltd. & AAA (hyb) from ICRA Ltd. for the proposed bonds.


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