Oriental Bank Of Commerce To Raise Rs 500 Crore Via Bonds

New Delhi: State-owned Oriental Bank of Commerce on Thursday said it will raise Rs 500 crore through an issue of additional Tier 1 bonds which will open for subscription on Friday. "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," Oriental Bank of Commerce said in a filing to the BSE. "The issue of Basel III co...