By Tali Rackner
Minneapolis, May 2 – Punjab & Sind Bank informed the Bombay Stock Exchange that it issued Rs. 10 billion of 10.9% Basel 3-compliant additional tier 1 bonds.
The issue opened for bidding on the National Stock Exchange of India Ltd. on May 2 and was fully subscribed.
Punjab & Sind is a government-owned bank based in New Delhi.
| Issuer: | Punjab & Sind Bank
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| Issue: | Basel 3-compliant additional tier 1 bonds
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| Amount: | Rs. 10 billion
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| Coupon: | 10.9%
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| Issue date: | May 2
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