Oriental Bank of Commerce to open Rs. 500 crore Basel III Compliant Perpetual Debt Instruments

Oriental Bank of Commerce's Issue of Basel III Compliant Perpetual Debt Instruments of Rs. 10,00,000/- each for cash at par aggregating Rs.500.00 crore is slated to open on January 23, 2015 and will close on February 06, 2015 and the deemed date of allotment shall be February 10, 2015.

The Bonds have been rated ICRA AA- (Hyb) & CARE AA- by ICRA & CARE respectively and bear coupon rate of 9.48% p.a.

Shares of ORIENTAL BANK OF COMMERCE was last trading in BSE at Rs.324.8 as compared to the previous close of Rs. 334. The total number of shares traded during the day was 129356 in over 3284 trades.

The stock hit an intraday high of Rs. 337.2 and intraday low of 322.75. The net turnover during the day was Rs. 42218262.

Source : Equity Bulls

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