• search

Corp Bank raises Rs 300 cr Tier-II capital

Written by: Staff
|

Mumbai, Mar 24 (UNI) Corporation Bank today raised Rs 300 crore as Tier-II capital through private placement of unsecured redeemable subordinated bonds.

With a face value of Rs 10 lakh per bond, the ten-year bonds will carry an annual coupon rate of 7.9 per cent payable semi-annually.

There was no put-and-call option during the ten year tenure.

UNI GC SSS VKG2105

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more