Canara Bank hits overseas bond market with $400-mn issue

Source: The Hitavada      Date: 06 Aug 2017 13:40:47









Aug 5,


THE State-run Canara Bank is in the international bond market with a USD 400-million issue as part of its USD 2-billion medium term note programme. “Canara Bank is in the international debt market with a benchmark dollar bond issue that will have a tenor of 5 years.

The lender is likely to raise USD 400 million through the bond sale issue, which will be drawn through its London branch and will be listed on the Singapore Stock Exchange,” merchant banking sources told PTI. The Bengaluru-based bank has hit the forex debt market after a long gap.