PNB raises Rs 1,500 cr Tier-I capital via bonds
|Source: The Hitavada Date: 04 Mar 2017 08:52:54|
PUBLIC sector Punjab National Bank (PNB) has raised Rs 1,500 crore additional tier-I capital by issuing bonds on private placement basis. The bond holders will get yield of 8.95 per cent per annum, payable semi-annually.
“The bank raised Rs 1,500 crore additional tier I capital bonds at a coupon rate of 8.95 per cent per annum, payable semi–annually on private placement basis,” Punjab National Bank said in a regulatory filing.