State-run Canara Bank and private lender Yes Bank announced raising Rs 1,500 crore each by issuing Basel III compliant tier-II bonds.For latest news on Business & Budget 2017, like us on Facebook and follow us on Twitter.
"Bank has successfully raised Rs 1,500 crore of Basel III compliant tier-II bonds. The issue was closed on December 31, 2015," Yes Bank said in a regulatory filing.
Canara Bank in a filing said the Bond Committee has decided to raise Basel III compliant tier-II bonds amounting to Rs 1,500 crore by way of private placement.
"Accordingly, the Bank has successfully raised Rs 1,500 crore under BASEL-III compliant Tier-II Bonds on December 31, 2015 with a coupon of 8.40 per cent per annum," Canara Bank said in the filing.