Punjab National Bank has filed its annual disclosure for non-convertible securities with SEBI, revealing 21 active bond listings with aggregate issuances worth ₹3,000+ crore in FY2024-25. The disclosure complies with SEBI’s Master Circular (May 2024) for corporate bond transparency.
Key Highlights:
- New Issuance: ₹2,950 crore bond (ISIN: INE160A08324) listed on BSE in February 2025
- Credit Ratings: 18 instruments rated AAA (Stable), 3 rated AA+ (Stable) by CRISIL/CARE/ICRA
- Timely Payments: 100% interest/redemption obligations met during FY2024-25
- Largest Maturity: ₹1,000 crore bond (INE160A08050) redeemed on September 30, 2024
The bank’s bond portfolio spans maturities from 2024 to 2030, with coupon rates ranging 7.35%-8.90% across instruments. Recent credit rating affirmations by CRISIL (December 2024) highlight PNB’s improved asset quality and capital adequacy ratios.
Advertisement
Ekta Pasricha, Company Secretary, stated: “Our disciplined approach to liability management ensures uninterrupted service to bondholders while maintaining regulatory compliance.”
PNB’s comprehensive disclosure reinforces its position as a trusted issuer in India’s corporate bond market, backed by stable credit ratings and robust payment track record.
Stay tuned for further updates on market movements and financial insights.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
Also read: HPCL Modernizes Shareholder Services with Updated RTA Portal
Published on: April 18, 2025 / M Vishnu
VITEEE 2025 Exams Commence
The Vellore Institute of Technology Engineering Entrance Examination (VITEEE) 2025 begins today. Candidates are advised to carry their admit cards and valid ID proofs to the examination centers.
As stated in Bhagavad Gita:
सुखदुःख समैः कर्ता।
Those who are not disturbed by the dualities of happiness and distress are certainly eligible for liberation.
