Canara Bank Approves Up To USD 2 Billion Foreign Currency Bond Raise

Board approved raising up to USD 2,000 Mn through senior unsecured foreign-currency bonds in international markets under its existing USD 3 Bn MTN Programme. Expands Canara Bank's foreign-currency funding flexibility through its Gift City IBU or overseas branches; tenor, coupon and issue timing were not disclosed. Potentially increases wholesale foreign-currency liabilities; use of proceeds, pricing, capital impact and execution remain undisclosed.