"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 500 crore," Oriental Bank of Commerce said in a BSE filing.
"The issue of Basel III compliant additional tier 1 bonds on private placement basis will be open on September 30, 2016 (for one day)," the filing said.
OBC said it will allot bonds on the same day, September 30, 2016.
Shares of the bank closed 9.02 per cent down at Rs 123.10 on BSE today.
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