Oriental Bank of Commerce is planning to raise up to Rs 1000 crore on private placement by issuing bonds, a regulatory filing from the bank said. The capital to be raised will be added to bank’s tier-II capital. The bank intends to raise tier-II capital through private placement of Basel-III compliant tier-II bonds aggregating to Rs 500 crore with an option to retain over-subscription of up to Rs 500 crore, it said.
