Latest News | PNB Raises Rs 3,090 Cr from Bonds
Get latest articles and stories on Latest News at LatestLY. State-owned Punjab National Bank on Friday said it has raised Rs 3,090 crore from Basel III compliant Tier-II capital Bonds to fund business growth.
New Delhi, Jun 30 (PTI) State-owned Punjab National Bank on Friday said it has raised Rs 3,090 crore from Basel III compliant Tier-II capital Bonds to fund business growth.
These bonds would carry a coupon rate of 7.74 per cent per annum, PNB said in a regulatory filing.
The issue closed on June 27, and allotment of bonds was made on Friday, it added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)