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

Punjab & Sind Bank

26/05/2023 07:58

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 7.18%, three merchant bankers said on Friday.
    
 
Below is the list of deals reported so far on May 26:
 Issuer               Instrument type   Tenure (in    Yield     Amount (in bln
                                        months)                 rupees)
 Punjab & Sind Bank   CD                3             7.18      5
 

($1 = 82.7200 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
 ((Dharamraj.Dhutia@thomsonreuters.com;))