PNB issues Rs 3,000 crore worth of bonds to 14 allottees
State-run lender Punjab National Bank (PNB) on Monday informed the exchanges about issuing and allotting bonds worth Rs 3,000 crore. The Basel Ill Compliant Tier-II Bonds were allotted to 14 allottees at a coupon of 7.43% per annum. The bonds are unsecured, subordinated, non-convertible, fully paid-up, redeemable and taxable, the company filing said. PNB informed … Read more