MoneyWorks4Me

Punjab & Sind Bank informs about private placement

23 Nov 2016 Evaluate

Punjab & Sind Bank has informed that the Bank intends to raise Basel III Compliant Tier II Bonds through Private Placement aggregating up to Rs 500 core. The proposed Bonds issue has been rated as ‘CARE AA’ by CARE and ‘BWR AA’ with 'Stable Outlook- by Brickwork Ratings.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
State Bank Of India 957.00
PNB 120.35
Bank Of Baroda 231.00
Canara Bank 116.40
Union Bank Of India 178.50
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