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.