Raising of Rs. 1500 Crore through Basel III compliant Perpetual Debt Instruments
Punjab National Bank has informed BSE that the Bank has raised Rs. 1500 crore through Basel III compliant Perpetual Debt instruments in the nature of Debentures for inclusion in Additional Tier I Capital at an annual coupon of 9.15% p.a. with call option at the end of 10 years through Private placement and issue stands closed.12-02-2015