PNB Gilts has raised fund through the issuance of Commercial Papers (CPs) of Rs 300 crore, at a coupon rate of 5.58% p.a. The aggregate amount of commercial paper (including this issue) outstanding as on March 09, 2020 is Rs 500 crore. The date of maturity of CPs is June 05, 2020 and tenure of the instrument is for 88 days.
PNB Gilts a renowned and preferred name in the Indian debt market was one of the first entities to be granted the Primary Dealership License by the Reserve Bank of India. The company is also a subsidiary of one of the largest Indian commercial banks, Punjab National Bank.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 908.70 |
| Shriram Finance | 1036.50 |
| Aditya Birla Capital | 340.20 |
| Chola Invest & Fin. | 1579.65 |
| Tata Capital | 337.60 |
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