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Prospect News home > News index > List of issuers Tenders > Headlines for 2020 > News item
Published on 3/19/2020 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

India’s Corporation Bank plans to redeem Rs. 5.5 billion 8¾% bonds

By Sarah Lizee

Olympia, Wash., March 19 – Corporation Bank informed the Bombay Stock Exchange that it intends to exercise the call option of its Rs. 5.5 billion of 8¾% upper tier 2 bonds (ISIN: 1NE112A09166).

The bonds will be redeemed on April 29 at par plus accrued interest, according to the notice.

The government-controlled investment and retail bank is based in Pandeshwar, India.


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