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India’s Oriental Bank places another Rs. 10 billion of tier 1 bonds
By Wendy Van Sickle
Columbus, Ohio, Nov. 2 – Oriental Bank of Commerce notified the Bombay Stock Exchange that it issued Rs. 10 billion of additional Basel 3 compliant tier 1 bonds in a private placement.
The issue was fully subscribed and allotted on Thursday, according to the notice.
The state-run bank is located in New Delhi.
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