Canara Bank, a public sector bank, has issued bonds with an ISIN value of INE476A08035 and a face value of ₹10,00,000 on March 5, 2015, aiming to raise ₹1,500 crores. These unsecured, non-convertible perpetual additional tier 1 Basel III compliant bonds carry a coupon rate of 9.55%, with interest paid annually. The returns from this investment are taxable, and the bonds are issued in private placement mode without being listed on any stock exchange. India Ratings and Research Pvt. Ltd. has assigned an AA+ rating to these bonds as of September 4, 2019.
