United Bank of India has completed the issue of its proposed Tier-II (Series -VII) bond issue of Rs 100 crore with a green shoe option of Rs 100 crore. The issue opened, closed and the allotment was made on December 28, 2011. The entire issue including the green shoe option was subscribed by IDFC.
United Bank of India’s business is principally divided into retail banking, corporate / wholesale banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance and mutual fund distribution, pension and tax collection services.
