The state-run lender will offer a yield of 7.36% on the
issue for which it has received commitments worth 5 billion
rupees ($60.80 million), the bankers said.
The notes are rated A1+ by CRISIL and the terms of the deal
were set on Monday.
($1 = 82.2350 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
MUMBAI, March 14 (Reuters) - India's Canara Bank plans to raise funds through the sale of certificates of deposit
maturing in three months, three merchant bankers said on
Tuesday.
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