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Punjab & Sind Bank allots Basel III compliant Tier II Bonds aggregting Rs 500 cr

Capital Market 

On private placement basis

& Sind Bank announced that allotment of Basel-III compliant Tier-II Bonds with coupon of 7.99% p.a. with a maturity of 10 years amounting to Rs.500 crore on Private Placement basis has been done on 19 October 2016 (i.e., Deemed Date of Allotment) as per the terms of the Disclosure Document.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 19 2016. 16:16 IST
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