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OBC raises Rs 1,000 crore through issue of bonds

29 Oct 2014 Evaluate

Oriental Bank Of Commerce (OBC) has issued 9.20% Unsecured Redeemable Non Convertible Basel III Compliant Tier II Bonds which was fully subscribed to the extent of Rs 1,000.00 crore and allotment has been made on October 27, 2014 as per the terms of the offer document.

Oriental Bank of Commerce is a Government of India undertaking whose business activities includes monetary intermediation of commercial banks, saving banks and discount houses. 

Peers
Company Name CMP
State Bank Of India 1080.50
PNB 143.00
Bank Of Baroda 273.55
Canara Bank 131.00
Union Bank Of India 203.00
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