PNB Gilts has raised Rs 400 crore through Commercial Paper (CPs) at a coupon rate of 4.15% p.a. The date of maturity of CPs is September 22, 2020 and tenure of the instrument is for 91 days. Apart from the aforementioned, no commercial paper is outstanding as on date.
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.
