Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, Punjab National Bank has informed that the Bank raised Rs 250 Crore on 29.03.2017 through Unsecured, Subordinated, fully paid-up, non-convertible, Basel III compliant, perpetual debt instruments (series X) in the nature of debentures for inclusion in additional tier I capital of face value of Rs 10.00 lakhs each (bonds) at a coupon rate of 9.21% payable annually.
The above information is a part of company’s filings submitted to BSE.