Punjab National Bank will raise via upper tier II bonds as PNB (Q,N,C,F)* upper tier II bond issue series XI through an issue size of Rs 5 billion.

Also, it will raise through tier I perpetual bonds as PNB tier I perpetual bond issue series VI through an issue size of Rs 2 billion.

The proposed date of opening is Nov. 24, 2009 and proposed date of closing is Nov. 25, 2009 in both the cases. 

Shares of the bank gained Rs 17.7, or 1.97%, to settle at Rs 917.30. The total volume of shares traded was 99,688 at the BSE (Friday).