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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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