The Hindu Business Line : Oriental Bank mulls bond issue

Oriental Bank of Commerce may raise up to Rs 500 crore capital during the first quarter of the current fiscal . "This would be Tier-II capital. There is headroom for us to raise Tier-II capital. We will most likely tap the market with lower Tier-II bonds at an appropriate time", sources told Business Line.

OBC has already obtained AAA rating from ICRA and CARE for the lower Tier-II bond offering, which is likely to be done on a private placement basis.

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