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Oriental Bank of Commerce informs about private placement

29 Sep 2016 Evaluate

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.  

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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