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Prospect News home > News index > List of issuers P > Headlines for Punjab National Bank > News item
Published on 5/19/2016 in the Prospect News Emerging Markets Daily.

India’s Punjab National Bank OKs up to Rs. 30 billion of debentures

By Tali Rackner

Norfolk, Va., May 19 – Punjab National Bank informed the Bombay Stock Exchange that its board met on Tuesday and granted permission to raise up to Rs. 30 billion of debentures.

The Basel-III compliant debt instrument – perpetual additional tier I capital bonds will be issued in one or more tranches.

New Delhi-based Punjab National Bank is a public-sector commercial bank.


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