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Oriental Bank of Commerce announces fund raising plans

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Capital Market
Last Updated : Jun 13 2016 | 7:13 PM IST

Plans to raise Tier II capital aggregating Rs 500 cr

Oriental Bank of Commerce intends to raise Tier II Capital through Private Placement of Basel III Compliant Tier II Bonds of Rs. 10,00,000/- each at par aggregating to Rs. 500 crore with an option to retain oversubscription of upto Rs. 500 crore.

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First Published: Jun 13 2016 | 6:54 PM IST

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