Canara Bank to raise funds thru bonds

The bonds will be issued at a coupon rate of 8.62 per cent for first 10 years, it said.

“These bonds should be fully paid up, unsecured and free of any restrictive clauses,” the
bank said.

The tenor of the bond, Canara said, would be 15 years from the deemed date of allotment. The pay-in dates from September 27 to September 28 this year.