PNB has raised ________ at a coupon of 8.59 per

Q: Answer-PNB has raised ________ at a coupon of 8.59 per cent while Canara Bank raised _______ at a coupon...

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.

cent while Canara Bank raised _______ at a coupon of 7.54 per cent.

A Rs.3000 crore; Rs.4000 crore Correct Answer Incorrect Answer

B Rs.5000 crore ; Rs.2000 crore Correct Answer Incorrect Answer

C Rs.3000 crore ; Rs.5000 crore Correct Answer Incorrect Answer

D Rs.2000 crore ; Rs.4000 crore Correct Answer Incorrect Answer

E None of these Correct Answer Incorrect Answer

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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