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Oriental Bank of Commerce to issue Rs. 10 billion of tier II bonds
By Wendy Van Sickle
Columbus, Ohio, Oct. 19 – Oriental Bank of Commerce plans to issue Rs. 10 billion of tier II unsecured nonconvertible perpetual bonds on a private placement basis, according to a notice with the Bombay Stock Exchange.
The Basel III-compliant bonds will have a face value of Rs. 1 million each.
The state-run bank is located in New Delhi.
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