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PNB raises Rs 1,500 crore on private placement basis

26 Jul 2017 Evaluate

Punjab National Bank (PNB) has raised funds to the tune of Rs 1,500 crore through Additional Tier - I (Basel III Compliant) Capital Bonds at a coupon of 8.98% per annum on private placement basis.

Punjab National Bank 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.


Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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