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Punjab National Bank raises Rs 1500 crore

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Capital Market

Through private placement of Tier-2 Basel III compliant) Capital Bonds

Punjab National Bank announced that in terms of Board and regulatory approvals, the Bank has raised Rs. 1500 crore Tier-2 (Basel III compliant) Capital Bonds at annual coupon of 8.65% on private placement basis.

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First Published: Feb 06 2016 | 12:34 PM IST

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