Through private placement of Basel III Compliant Tier 2 Bonds
Oriental Bank of Commerce announced that the Bank intends to raise Tier II Capital through Private Placement of Basel III Compliant Tier 2 Bonds of Rs. 10,00,000/- each at par aggregating to Rs. 1000 crore. The Bonds have been rated CARE AA+ & ICRA AA+ (Hyb.) by CARE & ICRA, respectively.Powered by Capital Market - Live News