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Corporation Bank to raise Rs 500 crore through Tier-2 Bonds

13 Nov 2017 Evaluate

Corporation Bank is issuing Basel III Compliant Tier-2 Bonds (Series I) of Rs 500 crore on private placement basis. The Bank will offer a coupon rate of 8.02 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 965.85
PNB 113.90
Bank Of Baroda 231.15
Canara Bank 121.85
Union Bank Of India 174.35
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