Canara Bank gearing up for Singapore Stock Exchange

State-run Canara Bank is in the international bond market with a $400 million issue as part of its $2 billion medium-term note programme.

“Canara Bank is in the international debt market with a benchmark dollar bond issue that will have a tenor of five years. The lender is likely to raise $400 million through the bond sale issue, which will be drawn through its London branch and will be listed on the Singapore Stock Exchange,”