Punjab National Bank (PNB) has raised Rs 1919.00 crore through Basel III Compliant Tier - II Bonds at a coupon of 7.10% p.a. on private placement basis on November 18, 2021. The bank has issued and allotted 1919 Unsecured, Subordinated, Non-Convertible, Fully Paid-up, Taxable, Redeemable Basel III Compliant Tier II Bonds which will qualify as Tier II capital of Rs 1 crore each.
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.
