Epic Research

Monday, December 17, 2012

Epic Update : Punjab National Bank

Punjab National Bank’s Upper Tier II Bonds worth Rs 6,500 crore, Lower Tier II Bonds worth Rs 500 crore, Upper Tier II/Lower Tier II Bonds worth Rs 3000 crore and Perpetual Bonds worth Rs 2,663 crore. The rating agency has also reaffirmed A1+ rating to the bank’s Certificate of Deposit worth Rs 60,000 crore.

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