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Union Bank of India raises Rs 1000 crore through bonds

17 Sep 2020 Evaluate

Union Bank of India has raised Rs 1000 crore through Unsecured, Redeemable, Non-Convertible, Taxable, Basel Ill Compliant Tier II Bonds and allotted 7.42% p.a. ,10,000 Bonds face value of Rs 10,00,000 per bond.

Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections. Its segments include treasury operations, corporate & wholesale banking, retail banking and other banking operations.

Peers
Company Name CMP
State Bank Of India 961.70
PNB 116.10
Bank Of Baroda 230.00
Canara Bank 118.60
Union Bank Of India 172.00
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