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Oriental Bank of Commerce informs about private placement

14 Jun 2016 Evaluate

Oriental Bank of Commerce has informed that the Bank intends to raise Tier II Capital through Private Placement of Basel III Compliant Tier II Bonds of Rs 10,00,000 each at par aggregating to Rs 500 crore with an option to retain oversubscription of up to Rs 500 crore.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
State Bank Of India 954.00
PNB 109.90
Bank Of Baroda 231.75
Canara Bank 118.50
Union Bank Of India 168.00
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