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Prospect News home > News index > List of issuers P > Headlines for Punjab National Bank > News item
Published on 9/27/2017 in the Prospect News Emerging Markets Daily.

India’s Punjab National Bank board OKs up to Rs. 60 billion bonds

By Angela McDaniels

Tacoma, Wash., Sept. 27 – Punjab National Bank received board approval to issue up to Rs. 30 billion of Basel III-compliant debt instruments in the form of perpetual additional tier I capital bonds and up to Rs. 30 billion of tier II bonds in one or more tranches.

The board of directors gave its approval at a meeting on Wednesday.

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


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