Corporation Bank raises Rs 800 crore

Through issue of III compliant Additional Tier-I Perpetual Bonds (Series III)

Corporation Bank has raised an amount of Rs 800 crore of the Basel III compliant Additional Tier-I Perpetual Bonds (Series III) and the same has been allotted by the Securities Allotment Committee of the Board of the Bank on 14 November 2017 to the respective Bond investors with a coupon rate of 9.23% per annum.

Powered by Capital Market - Live News