Through private placement of AT-1 Baonds
Oriental Bank of Commerce announced that 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. 250 crore with an option to retain oversubscription of upto Rs. 750 crore. The proposed Bonds Issue has been rated as 'A+ with Stable Outlook' by India Ratings and 'A+ (Hyb.) with Negative Outlook' by ICRA.Powered by Capital Market - Live News
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