01-02-2023 02:47 PM | Source: Reuters
Canara Bank to issue 3-month CD - traders
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India's Canara Bank plans to raise funds through the sale of certificates of deposit maturing in three months, three merchant bankers said on Monday.
The state-run lender will offer a yield of 6.92% on the issue, for which it has received commitments worth 10 billion rupees ($121.03 million) so far, the bankers said.
The notes are rated A1+ by CRISIL.
($1 = 82.6250 Indian rupees)
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