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Punjab National Bank raises Rs 658 crore through bonds

22 Sep 2022 Evaluate

Punjab National Bank (PNB) has raised Rs 658 crore through allotment of 658 Basel III Compliant Additional Tier-I Bonds at a coupon of 8.30% p.a. on private placement basis. Issue opened on September 19, 2022.

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.

Peers
Company Name CMP
State Bank Of India 980.00
PNB 123.90
Bank Of Baroda 241.50
Canara Bank 119.75
Union Bank Of India 186.15
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