Punjab National Bank is an Indian company in the bfsi industry (formerly Punjab National Bank Limited) with 4 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 7.34% to 8.55% a year. Maturity dates run from 14 Feb 2035 to 22 Mar 2105. NSDL records 0 of the 3 whose terms it holds as secured. Latest credit ratings on record: India Ratings AAA (Stable) (action dated 11 Dec 2025); CARE AA+ (Stable) (action dated 8 Dec 2025); ICRA AA+ (Stable) (action dated 5 Dec 2025); CRISIL AAA (Stable) (action dated 13 Dec 2024). Verify current terms against the official documents linked on this page.
Data as of 27 Oct 2026 · How this page is compiled
Issuer overview
- Legal name
- Punjab National Bank
- Formerly
- Punjab National Bank Limited
- LEI
- 335800LE3GBR6I412V82
- Industry
- BFSI
- Business
- Public Sector Bank
- Ownership
- Public Sector Undertaking (PSU)
- ISIN issuer code
- INE160A
- Outstanding bonds (ISINs)
- 4
- Stated coupons (fixed rate)
- 7.34% – 8.55%
- Maturity dates
- 14 Feb 2035 – 22 Mar 2105
- Secured (NSDL)
- 0 of 3
- Combined issue size of outstanding bonds
- ₹7,103 crore
- Traded on
- BSE
Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.
Punjab National Bank bonds: ISIN, coupon and maturity
4 outstanding bonds, by maturity date.
| ISIN | Type | Coupon | Interest paid | Allotted | Maturity | Face value | Issue size (₹ cr) | Security | Guarantee | Traded on | Rating (NSDL) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INE160A08324 | Bond (NCD) | 7.34% | Yearly | 14 Feb 2025 | 14 Feb 2035 | ₹1,00,000 | 2,950 | Unsecured | None recorded | — | India Ratings AAA 11 Dec 2025 |
| INE160A08316 | Subordinated NCD (Tier II) | 7.43% | Yearly | 23 Dec 2024 | 23 Dec 2039 | ₹1,00,00,000 | 3,000 | Unsecured | None recorded | — | CRISIL AAA 13 Dec 2024 |
| INE160A08290 | Perpetual debt | 8.55% | Yearly | 28 Dec 2023 | 31 Dec 2099 | ₹1,00,00,000 | 1,153 | Unsecured | None recorded | BSE | CRISIL AA+ 13 Dec 2023 |
| INE160A08308 | — | — | — | — | 22 Mar 2105 | — | — | — | — | — | CRISIL AA+ 13 Dec 2023 |
- Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
- Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
- "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
- Prices and yields are not shown. They change with every trade: see BSE and NSE.
Private placements and disclosure documents
| Allotted | ISIN | Redemption | Disclosure documents |
|---|---|---|---|
| 14 Feb 2025 | INE160A08324 | 14 Feb 2035 | Placement memorandum on BSE |
| 23 Dec 2024 | INE160A08316 | 23 Dec 2039 | Placement memorandum on BSE |
| 22 Mar 2024 | INE160A08308 | 22 Mar 2105 | Placement memorandum on BSE |
| 28 Dec 2023 | INE160A08290 | 28 Dec 2105 | Placement memorandum on BSE |
From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.
Punjab National Bank bonds: questions and answers
What bonds has Punjab National Bank issued?
Punjab National Bank has 4 outstanding bonds recorded on this page. By type, as described by NSDL: 1 bond (ncd), 1 subordinated ncd (tier ii), 1 perpetual debt.
What are the ISINs of Punjab National Bank bonds?
Its 4 outstanding bonds each have their own ISIN, for example INE160A08324, INE160A08316, INE160A08290. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE160A.
What coupon rates do Punjab National Bank bonds pay?
Stated coupons on its fixed-rate outstanding bonds range from 7.34% to 8.55% a year on face value. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.
When do Punjab National Bank bonds mature?
Its outstanding bonds have maturity dates from 14 Feb 2035 to 22 Mar 2105. The bond table lists the maturity date of each ISIN.
What is the latest credit rating of Punjab National Bank bonds?
NSDL India Bond Info records India Ratings AAA (Stable) (action dated 11 Dec 2025); CARE AA+ (Stable) (action dated 8 Dec 2025); ICRA AA+ (Stable) (action dated 5 Dec 2025); CRISIL AAA (Stable) (action dated 13 Dec 2024) on its outstanding bonds. Checked on NSDL on 27 Oct 2026. A rating is the agency's opinion and can change at any time.
Are Punjab National Bank bonds secured, unsecured or guaranteed?
NSDL records 0 of the 3 outstanding bonds whose terms it holds as secured and 3 as unsecured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.
Is Punjab National Bank the same company as Punjab National Bank Limited?
Yes. Punjab National Bank was formerly known as Punjab National Bank Limited; bonds issued under the earlier name are obligations of the same company.
Where can investors find the original disclosure documents for Punjab National Bank bonds?
Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.
How can investors check the current market price or yield of Punjab National Bank bonds?
This page does not show prices or yields. Trades in these bonds are reported on BSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.
Sources and dates
- NSDL India Bond Info: bond terms, issuer identity and ratings by ISIN
- BSE and NSE: bonds that have traded, and their exchange listings
- BSE: privately placed debt securities
- Methodology: how these pages are compiled and checked
Data as of 27 Oct 2026. Facts on this page last changed on 27 Oct 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.
