The bonds with maturity of 5 years carry a coupon fee of 4.896 to be paid semi yearly. | Photograph: Wikimedia Commons
State-owned Canara Financial institution on Wednesday mentioned it has mobilised $ 300 million through the IFSC Banking Unit.
The online proceeds from the difficulty of the notes will probably be utilized by the Issuer’s IFSC Banking Unit at Gandhinagar in direction of the overall company functions, Canara Financial institution mentioned in a regulatory submitting.
The bonds with maturity of 5 years carry a coupon fee of 4.896 to be paid semi yearly, it mentioned.
The issuance was broadly subscribed by traders throughout Asia, Center East and Europe demonstrating the sturdy confidence within the Canara Financial institution’s credit score, he mentioned.
First Revealed: Sep 04 2024 | 11:30 PM IST
