Home / Economy / News / PNB, IOB, DCB bank to offer AT1 bonds; may have to offer premium rates

PNB, IOB, DCB bank to offer AT1 bonds; may have to offer premium rates

It is important to note that AT1 bonds are unsecured, perpetual bonds that banks issue to improve their core capital base

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Illustration by Binay Sinha

2 min read Last Updated : Mar 22 2023 | 12:03 PM IST

Punjab National Bank (PNB), Indian Overseas Bank (IOB), and DCB Bank may have to offer higher interest rates on their bonds as they plan to sell them at a time when global banks have come under immense pressure, according to a report published in The Economic Times (ET).

The troubles have

Topics : Reserve Bank of India Punjab National Bank Indian Overseas Bank DCB bank Credit Suisse at1 bonds BS Web Reports

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