India New Issue-Punjab & Sind Bank to issue 8-month CD - bankers

Punjab & Sind Bank

18/07/2023 06:00

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New Issue' report. If you have feedback or questions, please contact India
Financial News Editor Ira Dugal Ira.Dugal@thomsonreuters.com prior to July 31)
       MUMBAI, July 18 (Reuters) - India's Punjab & Sind  PUNA.NS  Bank plans
to raise funds through the sale of certificates of deposit maturing in eight
months at a yield of 7.34%, three merchant bankers said. The terms of the deal
were set on Monday. 

Here is a list of deals reported so far July 18: 
 Issuer Name          Instrument  Tenure (in    Yield     Amount (in bln
                      type        months)       (in %)    rupees)
 Punjab & Sind Bank   CD          8             7.34      10
 
($1 = 82.0700 Indian rupees)

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