Union Bank plans ₹20,000 crore bond issue for infrastructure
after close1 source ↓written by the desknot a recommendation
- through long-term infrastructure
- ₹20,000 crore
- via 10-year bonds
- ₹7,500 crore
- also approved
- ₹5,000 crore
Union Bank of India has received board approval to raise ₹20,000 crore through long-term infrastructure bonds. This initiative aims to support infrastructure development and affordable housing projects. The bank may target ₹7,500 crore via 10-year bonds before the fiscal year ends, reflecting a commitment to sustainable growth.
• Green bonds up to ₹5,000 crore also approved
• Issuance planned in multiple tranches
This funding strategy may enhance liquidity in the housing sector and boost market sentiment.
Not investment advice. For informational purposes only.