 "Punjab National Bank raises Rs 1,919 crore via Basel compliant bonds")
State-owned Punjab National Bank on Thursday said it has raised Rs 1,919 crore by issuing Basel compliant bonds.
The bank has issued and allotted Basel III compliant tier-II bonds at a coupon of 7.10 per cent per annum aggregating to Rs 1,919 crore on a private placement basis, it said in a BSE filing.
It has issued a total of 1,919 bonds under the issue.
Shares of PNB closed at Rs 41.70 apiece on BSE, up 2.58 per cent from the previous close.