India's Punjab National Bank plans Rs. 2.5 billion tier I offer

By Aaron Hochman-Zimmerman

New York, July 11 - Punjab National Bank announced plans to sell Rs. 2.5 billion tier I perpetual bonds, according to a press release.

The issue is accompanied by a green shoe option for up to an additional Rs. 2.5 billion.

The subscription period will run from Thursday to July 27.

Punjab National Bank is a New Delhi, India-based commercial and investment bank.

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