Union Bank plans ₹20,000 crore bond issue for infrastructure
pre-market1 source ↓written by the desknot a recommendation
- through long-term infrastructure
- ₹20,000 crore
- targeting
- ₹7,500 crore
- before the financial
- 10-year tenor
- to support sustainable
- ₹5,000 crore
Union Bank of India has received board approval to raise ₹20,000 crore through long-term infrastructure bonds. The initiative aims to fund affordable housing and infrastructure projects, targeting ₹7,500 crore with a 10-year tenor before the financial year ends. Additionally, the bank plans to issue green bonds worth ₹5,000 crore to support sustainable development.
Not investment advice. For informational purposes only.