Union Bank raises ₹3,000 crore via long-term bonds
pre-market1 source ↓written by the desknot a recommendation
- through long-term bonds
- ₹3,000 crore
- from Qualified Institutional
- ₹9,379.82 crore
Union Bank of India raised ₹3,000 crore through long-term bonds to finance infrastructure and affordable housing projects. The issuance saw oversubscription of 3.12 times, with bids totaling ₹9,379.82 crore from Qualified Institutional Buyers. The accepted bids carry a cut-off coupon rate of 7.16% per annum.
Not investment advice. For informational purposes only.