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PNB Gilts allots commercial paper of Rs 250 crore

16 Oct 2020 Evaluate

PNB Gilts has allotted Commercial Paper (CPs) for an amount of Rs 250 crore on October 15, 2020. The date of maturity of CPs is October 24, 2020 and tenure of the instrument is for 70 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.

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