Punjab National Bank issues Basel III Compliant Additional Tier-I Capital Bonds

Punjab National Bank’s counter was trading at ₹30.75, up by 2.67% against the previous close of ₹29.95 on NSE. It touched intraday high and low of ₹31.05 and ₹30 respectively.

Punjab National Bank branch
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Punjab National Bank has issued and allotted Basel III Compliant Additional Tier-I Bonds at a coupon of 8.75% p.a. aggregating to ₹2000.00 Crore on private placement basis. The details of the Bonds issued are given below:

ParticularsDetails
Issue Type8.75% Unsecured, Subordinated, Non-Convertible, fully paid-up, Taxable, Basel III Compliant Additional Tier I
Bonds which will qualify as Tier I Capital (the “Bonds”) of ₹1 Crore each
ISININE160A08225
Issue Size₹2000.00 Crore
No. of Bonds2000
Issue Opened on04.07.2022 (Monday) on BSE EBP
Issue Closed on04.07.2022 (Monday) on BSE EBP
Date of Allotment06.07.2022 (Wednesday)
No. of Allottees20

Market Times News update

Punjab National Bank’s counter was trading at ₹30.75, up by 2.67% against the previous close of ₹29.95 on NSE. It touched intraday high and low of ₹31.05 and ₹30 respectively.

The stock last hit in BSE,

  • Intraday High of ₹ 31.05
  • Intraday low of ₹ 30.05