Search
Oriental Bank of Commerce to Raise Rs. 1,000 Crore Capital Through Basel-III Bonds
August 24, 2017
Public sector Oriental Bank of Commerce today announced that it will raise Rs. 1,000 crore by issuing Basel III bonds on a private placement basis.
In a regulatory filing, OBC said that it plans to raise Tier I capital via a private placement of Basel III compliant tier I bonds of Rs. 10 lakhs each amounting to Rs. 500 crores. These bonds will also provide an option to retain subscription of up to Rs. 500 crores.
