By Susanna Moon
Chicago, June 27 – Oriental Bank of Commerce notified the Bombay Stock Exchange that it issued Rs. 10 billion of 9.05% redeemable tier 2 bonds.
The bank said on June 16 that it planned to issue up to Rs. 10 billion of the bonds, with the placement open from June 17 to June 22, with the allotment date of June 24.
The company had planned to sell Rs. 5 billion of the tier 2 capital through a private placement of Basel 3 compliant tier 2 bonds with an oversubscription option for up to another Rs. 5 billion.
The state-run bank is located in New Delhi.
| Issuer: | Oriental Bank of Commerce
|
| Issue: | Redeemable tier 2 bonds
|
| Amount: | Rs. 10 billion
|
| Coupon: | 9.05%
|
| Settlement date: | June 24
|
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