 "Punjab National Bank raises Rs 3,090 cr from bonds to fund business growth")
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.