Latest News | Punjab National Bank Raises Rs 2,000 Crore Via Basel III Bonds
Get latest articles and stories on Latest News at LatestLY. Public sector lender Punjab National Bank (PNB) on Wednesday said it has raised Rs 2,000 crore by issuing Basel III compliant bonds to certain investors on a private placement basis.
New Delhi, Jul 6 (PTI) Public sector lender Punjab National Bank (PNB) on Wednesday said it has raised Rs 2,000 crore by issuing Basel III compliant bonds to certain investors on a private placement basis.
The bank has issued and allotted Basel III compliant additional tier-I bonds at a coupon rate of 8.75 per cent per annum aggregating to Rs 2,000 crore on private placement basis, PNB said in a regulatory filing.
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The Delhi-based lender said it issued a total of 2,000 bonds to 20 allottees on Wednesday.
Stock of PNB closed at Rs 29.95 apiece on BSE, up by 0.84 per cent from its previous close.
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(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)