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04-Nov2017

Corporation Bank to raise up to Rs 1000 crore through Tier-1 Bonds

Corporation Bank is issuing Basel III Compliant Additional Tier-1 Bonds (Series Ill) of Rs 500 crore with Green Shoe Option up to Rs 500 crore on private placement basis. The Bank will offer a coupon rate of 9.23 percent per annum on the bonds.

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


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