Canara Bank plans overseas bond issue to raise $300 million

August 8, 2024

Canara Bank aimed to raise a minimum of $300 million by issuing bonds internationally to bolster its liability franchise amid strong credit growth. The bank enlisted DBS Bank, Mitsubishi UFJ Financial Group, and BNP Paribas for this effort. This was its first bond issue in over five years, intended to broaden its funding sources.

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