- Market participants said companies and banks are ready to raise around Rs 3,220 crore through bonds
- According to the data, Canara Bank will raise Rs 2,000 crore, including Rs 1,000 crore, through Basel-III Tier-II bonds.
- All bonds are AAA rated by ICRA, India Ratings and CRISIL with stable outlook
business News: Market participants said companies and banks are set to raise Rs 3,220 crore through bonds maturing in various maturities on Thursday (August 25).
According to the data, Canara Bank will raise Rs 2,000 crore, which includes Rs 1,000 crore through Basel-III Tier-II bonds, Rs 300 crore through Kotak Mahindra Prime Ltd 35-months-25-days and 47- and 175 Will raise Rs. Month-25-days, respectively.
While Tata Capital Housing Finance Ltd will raise Rs 245 crore through 118-month bonds, and Sundaram Finance Ltd will raise Rs 500 crore through 36-month bonds.
All the bonds are AAA rated by ICRA, India Ratings and CRISIL with a stable outlook.
The bidding for the bonds will take place on the bidding platforms of BSE and National Stock Exchange.
(with IANS inputs)