Punjab & Sind Bank Approves USD 1 Billion Foreign Currency Bond Programme

Board on 29 Sep 2026 approved establishment of a Medium-Term Note Programme up to USD 1 billion for raising foreign currency funds via bond issuances. Novel foreign-currency funding route versus recent domestic bond raises; diversifies funding and supports planned GIFT City unit and RAM-led growth strategy. Tenor, pricing, timing, use of proceeds and approvals not disclosed; watch issuance execution, cost and currency impact on funding and leverage.