By Tali Rackner
Norfolk, Va., Sept. 19 – Oriental Bank of Commerce notified the Bombay Stock Exchange that it issued Rs. 10 billion of tier I capital through a private placement of Basel III compliant additional tier I bonds.
The deal included the fully exercised Rs. 7.5 billion oversubscription option.
The issue was opened on Sept. 16, and closed and allotted on the same day.
The state-run bank is located in New Delhi.
| Issuer: | Oriental Bank of Commerce
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| Issue: | Basel III compliant additional tier I bonds
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| Amount: | Rs. 10 billion, including Rs. 7.5 billion greenshoe
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| Opening date: | Sept. 16
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| Allotment date: | Sept. 16
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