Union Bank of India raises Rs 2200 crore through bonds

30 Nov 2022 Evaluate

Union Bank of India has raised Rs 2200 crore through allotment of Unsecured, Subordinated, Non-Convertible, Taxable, Fully Paid-Up Basel III Compliant Tier- 2 Bonds in the nature of Debentures eligible for inclusion in Tier 2 Capital (Bonds) in two tranches of Rs 1500 crore and Rs 700 crore on November 29, 2022.

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.

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