Yes Bank, Canara Bank raise Rs 1,500 crore each via bonds
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State-run Canara Bank and private lender Yes Bank on Thursday 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 annum," Canara Bank said in the filing.
Shares of Yes Bank closed 1.02% lower at Rs 726.15 a piece on BSE on Thursday. Canara Bank was also down 1.41% at Rs 233.65 on BSE at the close.
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