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Prospect News home > News index > List of issuers O > Headlines for Oriental Bank of Commerce > News item
Published on 6/13/2016 in the Prospect News Emerging Markets Daily.

India’s Oriental Bank of Commerce to issue Rs. 5 billion tier II bonds

By Tali Rackner

Norfolk, Va., June 13 – Oriental Bank of Commerce informed the Bombay Stock Exchange that it plans to issue Rs. 5 billion of tier II capital through a private placement of Basel III compliant tier II bonds.

There is an option to retain oversubscription of up to an additional Rs. 5 billion.

The state-run bank is located in New Delhi.


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