State-owned Punjab & Sind Bank today raised Rs 1,000 crore through issuing bonds to fund business growth.
The fund raised through Basel-III compliant AT-1 Bonds, the bank said in a regulatory filing on stock exchanges.
The issue was fully subscribed and bids for Rs 1,000 crore with coupon of 10.90 per cent were accepted, it said.
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AT-1 bonds qualify as core or equity capital are one of the means of raising capital by public sector banks.
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