Punjab National Bank raises Rs 1919 crore through bonds
Punjab National Bank (PNB) has raised Rs 1919.00 crore through Basel III Compliant Tier – II Bonds at a coupon of 7.10% p.a. on private placement basis on November 18, 2021. The bank has issued and allotted 1919 Unsecured, Subordinated, Non-Convertible, Fully Paid-up, Taxable, Redeemable Basel III Compliant Tier II Bonds which will qualify as Tier II capital of Rs 1 crore each.
PNB is one of the oldest banks in India having a virtual presence in every important center of the country. The Bank caters to a wide variety of audience through spectrum of services including corporate and personal banking, industrial finance, agricultural finance and international finance.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
