Corporation Bank gets ratings assigned for proposed AT-I bond issue

From FITCH Ratings

Corporation Bank announced that India Ratings and Research, a unit of FITCH Ratings, has assigned the Ratings to the Proposed issue of Basel III compliant (i) Additional Tier-1 Bond issue of Rs. 500 crores with Green Shoe Option of Rs. 500 crores and (ii) Tier - 2 Bond of Rs. 250 crores with Green Shoe Option of Rs. 250 crores, of the Bank.

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