Punjab National Bank
Unsecured
Private Issue
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Credit Rating
CARE AA+
Face Value
₹1,00,00,000
YTM
8.32%
Coupon Rate
8.75%
Taxability
Taxable
Issue Size
974.00Cr
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Bond Key Highlights
Allotment Date
27 Mar 2023
Maturity Date
31 Dec 9999
Interest repayment frequency
Annually
Issuer ownership
PSU
Seniority in repayment
Additional Tier 1
Other ratings
India RatingsAA+
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How to know if a bond is right for you?
Evaluate a bond using the P3L2R framework designed by experts at Wint Wealth with these factors:
Promoters/Equity Investors
Presence of institutional investor
Portfolio Quality (GNPA)
Less than 5% GNPA
Profitability
Company should have reported profit for latest financial year
Leverage
Leverage should be less than 5x
Lenders
Diversified lender base
Rating
No downgrade in rating in last 12 months
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FAQs on Punjab National Bank
What is the coupon rate on the Punjab National Bank Bond?
The bond's coupon rate is 8.75%.
How frequently is the interest paid on Punjab National Bank Bond?
The interest earned from this Bond is paid Annually.
What is the credit rating of the Punjab National Bank Bond?
The bond has been assigned a credit rating of CARE AA+, India RatingsAA+ which reflects the issuer's creditworthiness and the likelihood of default.
What is the ISIN number of the Punjab National Bank Bond?
The ISIN number for Punjab National Bank is INE160A08266.