Oriental Bank of Commerce raises Tier II Capital of Rs. 1000 crores

Oriental Bank of Commerce's Issue of Unsecured Redeemable Non-Convertible Basel III compliant Tier II Bonds in the nature of Debentures of Rs. 10,00,000/- each for cash at par aggregating Rs. 750.00 crore with an option to retain over-subscription of upto Rs. 250.00 crore at the coupon of 9.20% p.a., was open from October 14, 2014 to October 21, 2014 and was subscribed to the extent of Rs. 1000 crore.

Shares of ORIENTAL BANK OF COMMERCE was last trading in BSE at Rs.263.25 as compared to the previous close of Rs. 263.6. The total number of shares traded during the day was 165300 in over 4180 trades.

The stock hit an intraday high of Rs. 272 and intraday low of 260.2. The net turnover during the day was Rs. 43600939.

Source : Equity Bulls

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