Oriental Bank of Commerce to lift up Rs 500 crore via bonds


Public-sector Bank ‘Oriental Bank Of Commerce’ will lift up Rs 500 crore on private placement by issuing bonds.

Indian rupee closes insignificantly more grounded on Wednesday

"The bank intends to raise Tier 1 capital through private placement of Basel III compliant additional tier 1 bonds of Rs 10,00,000 each at par aggregating to Rs 500 crore," Oriental Bank Of Commerce said in a BSE filing.

The bonds has been issued under “A+” category” by CARE ratings and 'A+ (Hyb.) with Negative Outlook' by ICRA.

On BSE, the shares of Oriental Bank of Commerce were to regular change 0.52 per cent lower at Rs 134.60

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