Ori­en­tal Bank to raise ₹1,000 cr

The Hindu Business Line - - BANKING - PTI

State-owned Ori­en­tal Bank of Com­merce plans to raise up to ₹1,000 crore by is­su­ing Basel-III com­pli­ant bonds on pri­vateplace­ment ba­sis. “The bank in­tends to raise tier I cap­i­tal through pri­vate place­ment of Basel-III com­pli­ant ad­di­tional tier I bonds of ₹10 lakh each ag­gre­gat­ing to ₹500 crore with an op­tion to re­tain sub­scrip­tion of up to ₹500 crore,” it said in a reg­u­la­tory fil­ing.

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