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DEBT | 31 August 2010

Oriental Bank To Raise Rs 800 Crore Via Debt

by Deeshesh Chheda
 
@deeshesh

Oriental Bank of Commerce (OBC) is planning to raise Rs.800 crore through debt instruments to fund its expansion plans.

Innovative perpetual debt instruments (tier one capital) will be issued to raise Rs.300 crore, while tier two capital will be issued to raise Rs.500 crore in the current financial year to support the bank's business plans.

Transaction Reference: BS


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