Punjab National Bank Tier I Bonds Issue closed

Punjab National Bank has announced that the issue of Tier I Perpetual Bonds opened on July 12, 2007. Full subscription of Rs 500 crore was received by July 13, 2007. The issue now stands closed.

Further the Bank has informed that, the deemed date of allotment has been preponed to July 20, 2007 from August 03, 2007.

The stock was trading at Rs.574.15, up by Rs.21 or 3.80%. The stock hit an intraday high of Rs.575 and low of Rs.550. The total traded quantity was 174023 compared to 2 week average of 175707.

Source : Equity Bulls

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