India New Issue-Punjab & Sind Bank to issue 3-month CD - bankers

Punjab & Sind Bank

19/06/2023 09:51

MUMBAI, June 19 (Reuters) - India's Punjab & Sind Bank  PUNA.NS  plans
to raise funds through the sale of certificates of deposit maturing in three
months at a yield of 7.10%, three merchant bankers said.


Below is the list of deals reported so far on May 26:
 Issuer Name          Instrument  Tenure (in    Yield     Amount (in bln
                      type        months)       (in %)    rupees)
 Punjab & Sind Bank   CD          3             7.10      5
 
($1 = 81.9100 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by)
 ((Dharamraj.dhutia@tr.com))