Oriental Bank of Commerce plans to raise additional Tier 1 capital

Through private placement of ATI Bonds

Oriental Bank of Commerce announced that the Bank intends to raise additional Tier 1 capital through Private Placement of ATI Bonds for Rs. 500 crore with an option to retain oversubscription of upto Rs. 500 crore.

The Bonds have been rated "ICRA AA- (Hyb)" with Stable Outlook & CARE AA- by ICRA & CARE respectively.

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