Punjab National Bank (PNB) has raised Rs 1500 crore through unsecured, subordinated, non-convertible, fully paid-up, taxable, redeemable Basel III compliant tier II bonds in the nature of debentures (bonds) and allotted 15000 bonds having face value of Rs 10 lakh each, at a coupon of 7.25% p.a. on private placement basis.
PNB 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.
