Oriental Bank of Commerce provides update on issue of Basel III Compliant AT-1 Bonds

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Capital Market
Last Updated : Sep 20 2016 | 12:02 AM IST

Aggregating Rs 1000 crore

Oriental Bank of Commerce announced that the Issue of Basel III Compliant Additional Tier 1 Bonds (Private Placement) was opened on 16 September 2016 (for one day). The Issue was fully subscribed to the extent of Rs. 1000 crore and Bonds were allotted on 16 September 2016 (i.e. Deemed Date of Allotment) as per the terms of the Disclosure Document.

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First Published: Sep 19 2016 | 7:03 PM IST

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