Punjab National Bank establishes USD 1.50 billion Euro Medium Term Note Programme
- Punjab National Bank established a USD 1.50 billion Euro Medium Term Note Programme
- Offering circular filed with India International Exchange (IFSC) Limited
- Disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015
- Filing certified by Company Secretary Bikramjit Shom on September 16, 2026

*this image is generated using AI for illustrative purposes only.
Punjab National Bank has established a USD 1.50 billion Euro Medium Term Note Programme. The bank submitted the offering circular to India International Exchange (IFSC) Limited, marking a key step in its international funding strategy.
The intimation was issued under Regulation 30 of SEBI (LODR) Regulations, 2015. This follows an earlier disclosure dated July 29, 2026. The details are now publicly accessible via the exchange's platform.
Transaction Details
| Parameter | Details |
|---|---|
| Programme Type | Euro Medium Term Note Programme |
| Size | USD 1.50 billion |
| Regulatory Reference | Regulation 30 of SEBI (LODR) Regulations, 2015 |
| Filing Date | September 16, 2026 |
The offering circular is hosted on the India International Exchange website. Investors can access the full documentation there for further due diligence.
Corporate Governance
Bikramjit Shom, Company Secretary, certified the filing. The communication was directed to both the National Stock Exchange of India Limited and BSE Limited.
Historical Stock Returns for Punjab National Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.49% | +5.60% | +4.46% | +7.01% | +7.74% | +177.46% |
How will Punjab National Bank allocate the USD 1.50 billion raised from the Euro Medium Term Note Programme to optimize its asset-liability structure?
What impact might this international funding move have on PNB's cost of borrowing compared to domestic rupee-denominated debt instruments?
Could this issuance signal a broader trend among Indian public sector banks to increase reliance on offshore funding amid domestic liquidity conditions?


































