Union Bank of India allots additional tier-1 bonds aggregating to Rs1,320 crore

26 Jul 2022 , 12:06 PM

Union Bank of India has announced the allotment of Basel III Compliant Additional Tier-1 Bonds.

According to the filing, The Bank has allotted Unsecured, Subordinated, Non-Convertible, Taxable, Perpetual, Fully Paid-Up Basel III Compliant Additional Tier- 1 Bonds in the nature of Debentures eligible for inclusion in Tier 1 Capital (“Bonds”) Series XXXV aggregating to Rs1320 crore on July 25, 2022, Monday.

At around 12:07 PM, Union Bank of India was trading at Rs37.90 per share down by Rs0.05 or 0.13% from its previous closing of Rs37.95 per share on the BSE.