Oriental Bank of Commerce to raise Tier II Capital aggregating Rs 1000 crore

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.

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