PNB, IOB, DCB bank to offer AT1 bonds; may have to offer premium rates

It is important to note that AT1 bonds are unsecured, perpetual bonds that banks issue to improve their core capital base

Punjab National Bank (PNB), Indian Overseas Bank (IOB), and DCB Bank may have to offer higher interest rates on their bonds as they plan to sell them at a time when global banks have come under immense pressure, according to a report published in The Economic Times (ET). 

 

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