Breaking News

You are here » Indian-Commodity  :  Top News  :  Corporation Bank to raise up to Rs 1000 crore through Tier-1 Bonds

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.


Related News

View all news

Crude oil futures extend losses on Thursday

Extending previous session losses, crude oil futures ended lower on Thursday due to a sharp jump in US crude inventories last week and on demand growth concerns. The Energy Information Administration's......

Gold futures end higher on Thursday

Gold futures ended higher on Thursday despite rising US dollar on minutes of the Federal Reserve's latest policy meeting indicating that the central bank is staying the course on interest rate hikes.Gold......

Copper futures end lower on Thursday

Copper futures ended lower on Thursday, following Chinese stock markets lower on the prospect of slowing global economic growth. Further, concerns over US interest rates and the US-China trade war too......

Top News

View all news

IRB Infrastructure's arm achieves financial closure for Vadodara-Mumbai Expressway project

IRB Infrastructure Developers' Wholly-owned Subsidiary (SPV) -- VK1 Expressway has achieved financial closure for the project of construction of eight lane Vadodara Kim Expressway from Km 355.00 to Km......

Havells India reports 4% rise in Q2 net profit

Havells India has reported results for second quarter ended September 30, 2018.The company has reported 4.44% rise in its net profit at Rs 178.62 crore for the quarter under review as compared to Rs 171.02......

Mphasis reports 37% rise in Q2 consolidated net profit

Mphasis has reported results for second quarter ended September 30, 2018.The company has reported a rise of 9.42% in its net profit of Rs 188.94 crore for the quarter under review as compared to Rs 172.67......