State-owned Canara Bank on Wednesday said it has mobilised $ 300 million via the IFSC Banking Unit.
The net proceeds from the issue of the notes will be applied by the Issuer’s IFSC Banking Unit at Gandhinagar towards the general corporate purposes, Canara Bank said in a regulatory filing.
The bonds with maturity of 5 years carry a coupon rate of 4.896 to be paid semi annually, it said.
The issuance was widely subscribed by investors across Asia, Middle East and Europe demonstrating the strong confidence in the Canara Bank’s credit, he said.
First Published: Sep 04 2024 | 11:30 PM IST