Punjab & Sind Bank raises Rs 3,000 cr from maiden infrastructure bonds

New Delhi: State-owned Punjab & Sind Bank on Wednesday raised Rs 3,000 crore from the issuance of maiden infrastructure bonds aimed at expanding infra lending. The bank received total bids of Rs 6,031 crore against the base issue size of Rs 500 crore, Punjab & Sind Bank said in a regulatory filing. Further, it said, the bank has decided to accept bids of Rs 3,000 crore at a coupon rate of 7.74 per cent per annum. In accordance with RBI guidelines, these papers with a tenure of 10 years would be

18 Dec 2024 6:05 pm