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India’s Canara Bank raises Rs. 15 billion of 8.4% tier II bonds
By Wendy Van Sickle
Columbus, Ohio, Dec. 31 – Canara Bank raised Rs. 15 billion of 8.4% Basel III compliant tier II bonds by private placement on Thursday, according to a notice with the Bombay Stock Exchange.
The Bangalore, India-based bank ranks as the fifth-largest public sector bank in India in total assets.
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