PNB raises Rs 582 crore through bonds 
Latest News

PNB raises Rs 582 crore through bonds

PNB has raised Rs 582 crore by issuing bonds at a coupon of 8.40 percent per annum on a private placement basis on Friday, stated a regulatory filing

PSU Watch Bureau

New Delhi: Public sector lender Punjab National Bank (PNB) has raised Rs 582 crore by issuing bonds on a private placement basis.

"The bank has issued and allotted Basel III compliant Additional Tier I bonds at a coupon of 8.40 percent per annum, aggregating to Rs 582 crore on a private placement basis," the bank said in a regulatory filing on Friday.

The bank said the non-convertible taxable bonds will qualify as Tier I capital.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Markets inch higher in opening session; later turn flat amid volatile trends

BEML expands defence manufacturing with new units at KGF complex

EASE reforms supported PSU banks in advancing 'Viksit Bharat' vision: IBA Chief Executive

Bhopal and Khajuraho airports in MP top AAI's customer satisfaction 2025 first half chart

Hindustan Zinc launches guidebook to promote workplace equity, inclusive environment