By Wendy Van Sickle
Columbus, Ohio, Sept. 29 – Oriental Bank of Commerce plans to issue Rs. 5 billion of tier I capital through a private placement of Basel III compliant additional tier I bonds, according to a Bombay Stock Exchange notice.
The one-day issue is open on Sept. 30.
The proposed issue has been rated A+ with a stable outlook by India Ratings and A+ (hyb) with a negative outlook by ICRA.
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. 5 billion
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| Opening date: | Sept. 30
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| Allotment date: | Sept. 30
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