Union Bank plans to raise ₹20,000 crore via bonds
pre-market1 source ↓written by the desknot a recommendation
- for financing infrastructure
- ₹20,000 crore
- in the current
- ₹7,500 crore
- 10-year tenor
- 31 Mar 2026
Union Bank of India has approved a plan to issue long-term bonds worth up to ₹20,000 crore for financing infrastructure and affordable housing projects. The bank aims to raise ₹7,500 crore in the current financial year, with a 10-year tenor before 31 Mar 2026. This move may enhance liquidity and support growth in the banking sector.
• Issuance includes green bonds
• Part of funds to be raised this financial year
• Focus on infrastructure and housing sectors
Not investment advice. For informational purposes only.