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PNB Gilts raises Rs 300 crore through Commercial Paper

24 Feb 2021 Evaluate

PNB Gilts has raised Rs 300 crore through Commercial Paper on February 23, 2021. The Date of maturity will be March 30, 2021. Tenure of the instrument is for 35 days.  The aggregate amount of commercial paper (including this issue) outstanding as on date is Rs 300 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.

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