Oriental Bank of Commerce to raise Rs 1,000 cr via bonds

Written By Unknown on Sabtu, 10 Januari 2015 | 21.03

State-run Oriental Bank of Commerce on Friday said it plans to raise additional tier-I or equity capital of up to Rs 1,000 crore through private placement of bonds.

State-run  Oriental Bank of Commerce on Friday said it plans to raise additional tier-I or equity capital of up to Rs 1,000 crore through private placement of bonds.

"The Bank intends to raise additional Tier 1 capital through private placement of ATI Bonds for Rs 500 crore with an option to retain over-subscription of up to Rs 500 crore," OBC said in a filing to the BSE. The bonds to be raised would be Basel III complaint, perpetual debt instruments, it said, adding that they have been rated with stable outlook by credit rating firms ICRA and CARE.

The OBC scrip on Friday closed 0.17 per cent up at Rs 320.95 per piece on the BSE.

Oriental Bank stock price

On January 09, 2015, Oriental Bank of Commerce closed at Rs 320.95, up Rs 0.55, or 0.17 percent. The 52-week high of the share was Rs 377.30 and the 52-week low was Rs 160.50.


The company's trailing 12-month (TTM) EPS was at Rs 39.71 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 8.08. The latest book value of the company is Rs 447.91 per share. At current value, the price-to-book value of the company is 0.72.


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