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Prospect News home > News index > List of issuers P > Headlines for Punjab National Bank > News item
Published on 1/14/2008 in the Prospect News Emerging Markets Daily.

India's Punjab National Bank to raise up to Rs. 3 billion in tier I perpetual series III notes

By Devika Patel

Knoxville, Tenn., Jan. 14 - Punjab National Bank will offer Rs. 2.5 billion of tier I perpetual series III notes, with a Rs. 500 million greenshoe, in a private placement.

The issue is scheduled to open Jan. 16 and close on Jan. 17.

Punjab National Bank is a commercial bank based in New Delhi.


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