Canara Bank launches 5 year MTN bonds

Canara Bank launched a Tap Issuance of 5 year Medium Term Note (MTN) Bonds (issued earlier on 10th August 2017) to the extent of USD 200 million, through its London branch on 11th October 2017 value 17th October 2017 maturing on 10th August 2022. It is priced at 5 year US Treasury plus 119 bps carrying a coupon of 3.25% fixed payable half yearly.

The Bonds are listed in Singapore Stock Exchange and the funds raised are utilized for deploying in long term assets by the Bank's foreign branches.

Shares of CANARA BANK was last trading in BSE at Rs.304.3 as compared to the previous close of Rs. 305.1. The total number of shares traded during the day was 171984 in over 1903 trades.

The stock hit an intraday high of Rs. 305.85 and intraday low of 298.5. The net turnover during the day was Rs. 51984645.

Source : Equity Bulls

Keywords