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MUMBAI: Country's second largest public sector lender Punjab National Bank (PNB) has raised Rs 600 crore through bonds. An amount of Rs 600 crore was received and the full subscription has been retained, the bank said in a filing to the Bombay Stock Exc hange today.

The issue size was of Rs 500 crore and had the option of retaining over-subscription, it said. Also, state-run Corporation Bank raised Rs 300 crore through bonds for increasing its capital.

The bank raised Rs 300 crore out of the Rs 500 core, for which it got the approval of board of directors on March 25, the bank informed the BSE. The bank has issued 10-year, non-convertible bonds carrying coupon rate of 9.40 per cent with a face value o f Rs 10 lakh each. - PTI

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