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Corporation Bank to raise up to Rs 1000 crore through Tier-1 Bonds

04 Nov 2017 Evaluate

Corporation Bank is issuing Basel III Compliant Additional Tier-1 Bonds (Series Ill) of Rs 500 crore with Green Shoe Option up to Rs 500 crore on private placement basis. The Bank will offer a coupon rate of 9.23 percent per annum on the bonds.

Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906.

Peers
Company Name CMP
State Bank Of India 1018.00
PNB 126.30
Bank Of Baroda 250.00
Canara Bank 122.80
Union Bank Of India 186.75
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