Corporation Bank to raise Rs 100 cr via bonds issue

State-owned Corporation Bank said it will raise Rs 100 crore by issue of bonds on private allotment basis.

The bank would raise Rs 100 crore by issue of unsecured innovative perpetual convertible Tier-I Bonds Series-I(4) on private placement basis,Corporation Bank said in a filing to the Bombay Stock Exchange.

The issue would open on August 26 and would close on the same date,the filing added.