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PNB, IOC, DCB Bank to offer AT1 bonds; issue at premium rates likely: Report

PNB, IOC, DCB Bank to offer AT1 bonds; issue at premium rates likely: Report

Mar 23, 2023, at 02:23 am

Mumbai: Punjab National Bank (PNB), Indian Overseas Bank (IOB), and DCB Bank may need to offer higher interest rates on their bonds as they prepare to sell them during a period when global banks are facing significant pressure, according to a report published in The Economic Times (ET).