PNB raises Rs 1,500 cr Tier-I capital via bonds

Source: The Hitavada      Date: 04 Mar 2017 08:52:54


NEW DELHI,

Mar 3,

(PTI)

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.