Loan & Debt3 Sept 2026, 12:40 pm
Canara Bank to Raise up to USD 2,000 Mn in Foreign Currency
AI Summary
Canara Bank's Board of Directors has approved a plan to raise foreign currency funds by issuing Senior Unsecured Foreign Currency Bonds. The issuance will be up to USD 2,000 million under the existing USD 3 billion Medium Term Note (MTN) Programme. The funds will be raised through the bank's IBU Gift City Branch, Gandhinagar, or any other overseas branch. The board meeting commenced at 10:00 AM IST and concluded at 12:25 PM IST.
Key Highlights
- Board approved raising foreign currency funds.
- Issuance of Senior Unsecured Foreign Currency Bonds.
- Target amount is up to USD 2,000 million.
- Funds to be raised under existing USD 3 Bn MTN Programme.
- Issuance via IBU Gift City Branch or overseas branch.
Price Impact
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