Home / Companies / News / Punjab National Bank raises Rs 3,090 cr from bonds to fund business growth

Punjab National Bank raises Rs 3,090 cr from 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

1 min read Last Updated : Jun 30 2023 | 9:46 PM IST

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.

Topics : Punjab National Bank Bonds PNB

First Published: Jun 30 2023 | 9:46 PM IST