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Corporation Bank withdraws bonds issue

Corporation Bank has announced with reference to the issue of Tier - I Bonds, that in view of certain unforeseen developments with regard to consideration of this Bond issue under Basel II or III, the issue of the Unsecured Innovative Perpetual Non-convertible Tier-I Bonds in the nature of Promissory Notes for Rs. 200 crores on private placement basis, stands withdrawn with immediate effect.

The Corporation Bank stock was trading at Rs.453.80, up by Rs.5.65 or 1.26%. The stock hit an intraday high of Rs.458 and low of Rs.446.05.

The total traded quantity was 8578 compared to 2 week average of 10283.

Source: Equity Bulls

Posted On: 2012-12-30 19:52:07

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