Union Bank of India has raised Rs 1500 crore through Unsecured, Subordinated, Non-Convertible, Taxable, Perpetual, Fully Paid-Up Basel III Compliant Additional Tier- 1 Bonds in the nature of Debentures eligible for inclusion in Tier 1 Capital (Bonds) Series XXXIV. The bonds carry coupon rate of 8.50 per cent per annum.
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.
