Corporation Bank is currently trading at Rs. 47.95, up by 0.50 points or 1.05% from its previous closing of Rs. 47.45 on the BSE.
The scrip opened at Rs. 47.45 and has touched a high and low of Rs. 48.20 and Rs. 47.20 respectively.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 57.00 on 07-Feb-2017 and a 52 week low of Rs. 34.00 on 3-June-2016.
Last one week high and low of the scrip stood at Rs. 49.00 and Rs. 46.50 respectively. The current market cap of the company is Rs. 5,500.14 crore.
The promoters holding in the company stood at 70.76%, while public held 29.24% in the Bank.
State owned Corporation Bank has issued Basel III compliant bonds to raise Rs 500 crore. The Bank has issued Basel III compliant additional tier-I bonds of Rs 500 crore on private placement basis. The Bank will offer a coupon rate of 10.28 percent per annum on the bonds.
The bonds have been rated stable by India Ratings and negative by Crisil. These bonds are in the nature of perpetual bonds, meaning there is no maturity period. They are not redeemable and can be treated as equity, not debt.