With reference to the earlier communication dated August 31, 2016; Oriental Bank of Commerce has now informed that the Issue of Basel III Compliant Additional Tier 1 Bonds (Private Placement) was opened on September 16, 2016 (for one day). The Issue was fully subscribed to the extent of Rs 1000 crore and Bonds were allotted on September 16, 2016 (i.e. Deemed Date of Allotment) as per the terms of the Disclosure Document.
The above information is a part of company’s filings submitted to BSE.