General Announcement::Capital Requirement 2015-16- Outcome of the Board Meeting

Issuer & Securities

Issuer/ Manager
CANARA BANK
Securities
CANARABANKUS$250M6.365%N211128 - XS0276148847 - 7TSB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
21-Nov-2015 13:15:13
Status
New
Announcement Sub Title
Capital Requirement 2015-16- Outcome of the Board Meeting
Announcement Reference
SG151121OTHRUO0V
Submitted By (Co./ Ind. Name)
B NAGESH BABU
Designation
ASSISTANT GENERAL MANAGER & COMPANY SECRETARY
Effective Date and Time of the event
19/11/2015 17:00:00
Description (Please provide a detailed description of the event in the box below)
This is to inform the Exchange that the Board of the Bank, during the course of their meeting on 19.11.2015, has discussed the issues as mentioned in the cited letter and permitted Bank to raise additional capital of Rs. 2400 Crore through issue of BASEL-III compliant Tier II Bonds by way of Private Placement at a Coupon Rate as decided by the Bond Committee of the Bank to support the asset growth during 2015-16 & also to maintain healthy level of CRAR.