The bank has issued 8.75% Unsecured, Subordinated, Non-Convertible, fully paid-up, Taxable, Basel III Compliant Additional Tier I Bonds which will qualify as Tier I Capital of Rs1 crore each.
Issued of these bonds opened on July 4, 2022, and closed on July 6, 2022. A total of 2,000 bonds have been allotted to 20 subscribers.
Punjab National Bank’s counter was trading at Rs30.75, up by 2.67% against the previous close of Rs29.95 on NSE. It touched intraday high and low of Rs31.05 and Rs30 respectively.
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