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Punjab National Bank raises Rs 3,090 cr from bonds to fund business growth

These bonds would carry a coupon rate of 7.74 per cent per annum, PNB said in a regulatory filing

PNB, Punjab National Bank

The issue closed on June 27, and allotment of bonds was made on Friday, it added

Press Trust of India New Delhi

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State-owned Punjab National Bank on Friday said it has raised Rs 3,090 crore from Basel III compliant Tier-II capital Bonds to fund business growth.

These bonds would carry a coupon rate of 7.74 per cent per annum, PNB said in a regulatory filing.

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The issue closed on June 27, and allotment of bonds was made on Friday, it added.

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First Published: Jun 30 2023 | 9:46 PM IST

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