India New Issue-Punjab & Sind Bank to issue 9-month CD - bankers

Punjab & Sind Bank

19/06/2023 11:26

MUMBAI, June 19 (Reuters) - India's Punjab & Sind Bank  PUNA.NS  plans
to raise funds through the sale of certificates of deposit maturing in nine
months at a yield of 7.43%, three merchant bankers said.


Below is the list of deals reported so far June 19:
 Issuer Name                Instrument  Tenure (in    Yield     Amount (in bln
                            type        months)       (in %)    rupees)
 Punjab & Sind Bank         CD          9             7.43      5
 Tata Cleantech Capital     CP          3             7.13      5
 Punjab & Sind Bank         CD          3             7.10      5
 
($1 = 81.9350 Indian rupees)

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