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Canara Bank to raise long term foreign currency funds of $500 mn

Posted On: 2019-03-18 16:24:16

Canara Bank plans to raise long term foreign currency funds by issuing Senior Unsecured Bonds (Medium Term Notes) in the international markets to the extent of USD 500 Million under its Medium Term Notes (MTN) Programme, depending on the market conditions. The proposed foreign currency funds raised through issue of Senior Unsecured Bonds (Medium Term Notes) will be utilized for deploying in long term assets by the Bank's foreign branches.

The Bank, acting through its London branch, has scheduled a series of fixed-income investor meetings (Road shows / Investor Meet) in Singapore, Hong Kong and London on 19/03/2019 & 20/03/2019, for the aforesaid MTN programme.

Shares of CANARA BANK was last trading in BSE at Rs.271.75 as compared to the previous close of Rs. 264.85. The total number of shares traded during the day was 455114 in over 2590 trades.

The stock hit an intraday high of Rs. 273.2 and intraday low of 262. The net turnover during the day was Rs. 121916949.


Source: Equity Bulls

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