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The Punjab National Bank has raised Rs 1,500 crore additional tier-I capital through issuing bonds on a private placement basis.
The bond holders will be getting yield of 8.95 percent per annum, payable semi-annually.
PNB has said in a regulatory filing that “The bank has raised Rs 1,500 crore additional tier I capital bonds at a coupon rate of 8.95 percent per annum, payable semi-annually on private placement basis.”
