Question
PNB has raised ________ at a coupon of 8.59 per
cent while Canara Bank raised _______ at a coupon of 7.54 per cent.Solution
Punjab National Bank (PNB) and Canara bank raised Rs 8,000 crore through additional tier-I and 10-year infrastructure bonds, respectively. While PNB raised Rs 3,000 crore at a coupon of 8.59 per cent, Canara Bank raised Rs 5,000 crore at a coupon of 7.54 per cent.
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