trending Market Intelligence /marketintelligence/en/news-insights/trending/7u1aEqJHOBmXdFl4a0k3Jw2 content esgSubNav
In This List

Union Bank of India raises 5B rupees via bond issue

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Commercial Banking: June 22nd Edition

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy

Blog

Commercial Banking Newsletter June Edition - 2022


Union Bank of India raises 5B rupees via bond issue

Union Bank of India raised 5 billion rupees via an issuance of Basel III-compliant Additional Tier 1 bonds on a private placement basis.

The bank said March 31 that the nonconvertible unsecured subordinated perpetual bonds bear annual interest of 9.10%.

As of April 3, US$1 was equivalent to 64.97 Indian rupees.