Punjab National Bank will be raising Rs 3 billion as PNB Tier I Perpetual Bonds Series II through private placement.
The proposed date of opening is Dec. 05, 2007 and proposed date of closing is Dec. 11, 2007.
Punjab National Bank announced a small rise in net profits for the quarter ended in September 2007. During the quarter, the company experienced a 6.63% rise in profits to Rs 5384.80 million from Rs 5049.90 million in the same quarter last year.
Interest earned for the quarter rose 25.28% to Rs 34630.60 million compared with the corresponding quarter, a year ago.
Shares of the bank were last trading up Rs 33.15 , or 5.51% at Rs 635.00. The total volume of shares traded at the BSE was 134,643.(1.05 p.m., Monday ).
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