Punjab National Bank (PNB) has raised Rs 3000 crore through the allotment of Basel III Compliant Additional Tier-I Bonds at a coupon of 8.59% p.a. on private placement basis. The non-convertible taxable bonds will qualify as Tier I capital.
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.
