Oriental Bank of Commerce has informed that 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. The proposed Bonds Issue has been rated as A+ by CARE Ratings and A+ (Hyb.) with Negative Outlook by ICRA.
The above information is a part of company’s filings submitted to BSE.