Canara Bank to pay interest on its Basel III Tier II bonds on Apr 27

New Delhi: State-owned Canara Bank said in a regulatory filing that it will pay interest on its Basel III Tier II bonds on April 27. As per the filing, the bank also informed that the record date of the said transaction is April 12. The issued amount is Rs 3,000 crores and the interest rate is 8.4 percent.

The bank also notified that "the Basel III Compliant Tier I / Tier II Bonds issued by Canara Bank on various dates are listed with National Stock Exchange of India Limited for trading under Debt Market segment."

"This is to bring to your kind notice that the above record date is fixed for the purpose of ascertaining the name of bond holders eligible to receive interest from Canara Bank on the due date," the filing added.

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