MoneyWorks4Me

Corporation Bank raises funds through bonds

11 Nov 2019 Evaluate

Corporation Bank has raised amount of Rs 500 crore of the Basel III Compliant Tier-II Bonds [Series II] with Green shoe option upto Rs 500 crore aggregating to Rs 1000 crore and the same has been allotted by the Securities Allotment Committee of the Board of the Bank on November 2019 to the respective Bond investors with a coupon rate of 8.93% per annum.

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

Peers
Company Name CMP
State Bank Of India 982.50
PNB 116.70
Bank Of Baroda 235.25
Canara Bank 124.95
Union Bank Of India 180.00
View more..