Board of Punjab & Sind Bank approves proposal to raise AT-1 and AT-II capital

Capital Market 

At meeting held on 29 March 2017

& Sind proposes to raise funds through issue of Basel III Compliant AT-1 up to Rs 1000 Crore and Basel III Compliant Tier II Bonds up to Rs 500 Crore during the Financial year 2017-18 in one or more tranches, on private placement basis, as approved in meeting of Board of Directors held on 29 March 2017.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Board of Punjab & Sind Bank approves proposal to raise AT-1 and AT-II capital

At meeting held on 29 March 2017

At meeting held on 29 March 2017

& Sind proposes to raise funds through issue of Basel III Compliant AT-1 up to Rs 1000 Crore and Basel III Compliant Tier II Bonds up to Rs 500 Crore during the Financial year 2017-18 in one or more tranches, on private placement basis, as approved in meeting of Board of Directors held on 29 March 2017.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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