Oriental Bank of Commerce announced BSE on Tuesday that the Rs 200-crore Upper Tier II Bonds issue on private placement basis is slated to open on September 16 and will close on September 17, and the deemed date of allotment shall be September 20 .
The coupon rate shall be 8.68 per cent for the first 10 years and shall be stepped MUMBAI:up to 9.18 per cent for subsequent five years, if call option is not exercised by the bank at the end of 10th year from the deemed date of allotment.
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