Oriental Bank of Commerce updates on issue of Basel III Compliant Perpetual Debt Instruments

Successfully raises Rs 500 crore as Additional Tier 1 Capital

Oriental Bank of Commerce announced that Bank's Issue of Unsecured Non-Convertible Basel III Compliant Perpetual Debt Instruments of Rs. 10,00,000/- each for cash at par aggregating Rs. 500.00 crore at the coupon rate of 9.48% p.a. was open from 23 January 2015 to 06 February 2015 and has been fully subscribed to the extent of Rs. 500 crore. The Deemed Date of Allotment is 10 February 2015.

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