Punjab National Bank raises Rs 3,090 cr from bonds to fund business growth
It added that the issue closed on June 27, and the bond allotment took place on Friday
State-owned Punjab National Bank said on Friday that it has raised ₹3,090 crore Basel III Tier 2 equity bonds to finance business growth.
PNB said in a regulatory filing that these bonds will carry a coupon rate of 7.74 percent per annum.
It added that the issue closed on June 27, and the bond allotment took place on Friday.
First published: June 30, 2023 | 9:46 p.m ist