Credit agencies reaffirm A1+ rating on PNB Gilts Rs1000cr CP programme

The company has also fully redeemed Commercial Papers worth Rs500cr allotted on November 13, 2020.

February 15, 2021 4:40 IST India Infoline News Service

ICRA Limited and CRISIL Limited on February 12, 2021, have reaffirmed the credit ratings of ICRA A1+ and CRISIL A1+, respectively, as assigned to Rs1000cr Commercial Paper programme of PNB Gilts Limited.

In a separating filing on Friday, the company has fully redeemed Commercial Papers worth Rs500cr allotted on November 13, 2020, and paid the redemption proceeds of the CPs as per the terms of issue of the said CPs. The record date and redemption/maturity date for the said issue was February 11, 2021 and February 12, 2021, respectively

PNB Gilts Ltd trade ended at Rs49.50 per piece down by Rs1.2 or 2.37% on the BSE.

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