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Canara Bank shares in focus after Rs 3,500-crore Basel III additional tier-1 bond issue

Canara Bank successfully raised Rs 3,500 crore through a new issuance of Basel III-compliant Additional Tier I bonds. The perpetual, unsecured bonds offer a 7.55% annual coupon and were fully subscribed, reflecting strong investor demand. This capital infusion is set to bolster the bank's core capital, enhancing its financial resilience and potentially influencing investor sentiment.