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PNB to raise Rs 500 cr

Our Bureau

New Delhi, Sept. 15 Punjab National Bank (PNB) on Wednesday said that the bank would, next week, raise Rs 500 crore of upper Tier-II bonds to augment capital and fund business growth.

The bond offering would be done through private placement route, according to a filing made by the bank with the Stock Exchange, Mumbai. The proposed date of opening of the offering is September 22.

More Stories on : Corporate Bonds | Public Sector Banks | Punjab National Bank

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