Punjab National Bank raises Rs. 250 crores

Punjab National Bank has raised Rs. 250 Crore on 29.03.2017 through Unsecured, Subordinated, fully paid-up, non-convertible, Basel III compliant, perpetual debt instruments (series X) in the nature of debentures for inclusion in additional tier I capital of face value of Rs. 10.00 lakhs each ('bonds') at a coupon rate of @ 9.21% payable annually.

Shares of PUNJAB NATIONAL BANK was last trading in BSE at Rs.148.9 as compared to the previous close of Rs. 147.75. The total number of shares traded during the day was 1336317 in over 6712 trades.

The stock hit an intraday high of Rs. 150.65 and intraday low of 146.85. The net turnover during the day was Rs. 199154935.

Source : Equity Bulls

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