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Yes Bank, Canara Bank Raise Rs 1,500 Crore Each Via Bonds

State-run Canara Bank and private lender Yes Bank announced raising Rs 1,500 crore each by issuing Basel III compliant tier-II bonds.
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Yes Bank, Canara Bank Raise Rs 1,500 Crore Each Via Bonds
State-run Canara Bank and private lender Yes Bank announced raising Rs 1,500 crore each by issuing Basel III compliant tier-II bonds.

"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.
 

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