Punjab National Bank
Banks
corporate
Banks
corporate
Tenure
17M
Tenure
17M
About Issuer
This AA+ rated bond from Punjab National Bank, a corporate, offers a Fixed coupon of 9% with maturity on 23 August 2027. Issued through the Private placement as under ISIN INE695A08030, this bond ensures strong credit quality with minimal default risk, making it a dependable option for investors seeking better returns than traditional fixed deposits, without taking on significant risk. Ideal for investors who want stable returns with high credit assurance, while benefiting from a superior yield in a short-to-medium term horizon.
Summary
Interest
Yearly
Principal
At maturity
COUPON RATE
9.00%
FACE VALUE
-
MATURITY DATE
23 Aug 2027
SECTOR
corporate
COLLATERAL SECURITY
Unsecured
TAX STATUS
Taxable
TRUSTEE
-
ISIN
INE695A08030
Credit rating
Rating
AA+
Rating Agency
CRISIL
Date of Rating
21 Jun 2023
Rating
AA+
Rating Agency
CRISIL
Date of Rating
21 Jun 2023
Other details
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