Punjab National Bank, founded in 1894 and headquartered in New Delhi, India, serves as one of the country's leading public sector banks with the primary purpose of providing a wide range of banking and financial services to individuals and businesses. The bank offers a variety of products including retail banking, corporate banking, treasury operations, and international banking services, catering to both personal and corporate clients.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PNBIN 7.10% 2035-11-09 INRPunjab National Bank | India | 2035-11-09 | 7.100 | 7.36 |
| PNBIN 7.43% 2039-12-23 INRPunjab National Bank | India | 2039-12-23 | 7.430 | 7.53 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Punjab National Bank has a strong history in bond issuances, having issued its first bonds in the 1990s as part of its efforts to diversify funding sources. Significant recent issuances include a ₹3,000 crore bond in 2020 targeted at funding retail and corporate loans, which was lauded for its competitive yield compared to industry standards. Currently, the bank’s long-term bonds reflect a yield that is generally aligned with or slightly higher than peer institutions, offering attractive features such as call options and fixed interest rates, enhancing their appeal to investors in a fluctuating market.