PNB Gilts has raised Rs 100 crore through Commercial Paper (CPs) at a coupon rate of 3.45% p.a. The date of maturity of CPs is September 28, 2020 and tenure of the instrument is for 67 days. The aggregate amount of commercial paper (including this issue) outstanding as on date is Rs 600 crore.
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.
