Record Date Update
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Punjab National Bank has informed stock exchanges about the record dates for interest and principal payments on two Basel III Tier-II Bond series. The first, Series XXII carrying 7.25% annual coupon (ISIN: INE160A08167), has a due date of 29/09/2025 where the call option will be exercised by the bank. The second, carrying 8.34% annual coupon (ISIN: INE141A08035), has a record date of 11/10/2025 and payment date of 26/10/2025, both shifted due to bank holidays falling on the original dates.
Routine regulatory disclosure for bondholders. The exercise of the call option on the lower-coupon 7.25% bond is favorable for the bank as it allows replacement with potentially cheaper debt, but is a standard capital management action and not material for equity shareholders.