Security Name: 8.59% Punjab National Bank (P) Call: 27 Sep 2028
ISIN: INE160A08282
Taxable
Tax Category
27 Sep, 2028
Call Date
(2 Yr 8 Mo 19 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
27 Sep, 2023
Allotment Date
NA
Put Date
27 Sep, 2026
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
Yes
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
8.59%
Coupon
Fixed Interest
Coupon Basis
8.3188%
Current Yield
12 Sep, 2026
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Punjab National Bank
PNB, established in 1895 in Lahore, Pakistan, expanded its operations through mergers and acquisitions before being nationalised in 1969. On March 4, 2020, the Union Cabinet approved the amalgamation of PNB, UBI and OBC, and the merger became effective from April 1, 2020. The GoI owned 73.15% of the bank as on June 30, 2024.
The ratio in FY25 is 0.88x and it was 0.67x in FY24, indicating increased debt levels, due to debt used to fund the significant loan growth necessary to capitalize on market opportunities and is a typical part of an aggressive expansion phase.
Debt/EBITDA
The ratio in FY25 is 1.21x and it was 1.12x in FY24,indicating issuers increase in debt servicing ability, due to pnb growing strongly, sustainably, and remaining fundamentally stable and operational earnings are more than sufficient to comfortably cover all our interest payments.
Interest coverage ratio
Recent News
Punjab National Bank raises Rs 1,859 crore in capital via AT-I bonds
Mar 27, 2024 | Punjab National Bank
Punjab National Bank up for third straight session
Nov 29, 2024 | Punjab National Bank
PNB Eyes Rs 30 Lakh Crore Business Milestone by March 2026
Aug 05, 2025 | Punjab National Bank
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE160A08282 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 8.59% Punjab National Bank (P) Call: 27 Sep 2028 |
| Credit Rating |
|---|
| AA + /Stable by CARE |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,00,000 |
| Coupon |
|---|
| 8.590000% |
| YTM or YTC |
|---|
| YTC |
| Call Date |
|---|
| 27/09/2028 |
| Security |
|---|
| Unsecured Subordinated Tier 1 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Jan 08,2026 |
| Principal Amount |
|---|
| ₹1,03,25,980 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹10 |
| Total Amount Payable |
|---|
| ₹1,03,25,990 |
| Price |
|---|
| ₹103.2598 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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