Union Bank of India Confirms Full Redemption and Interest Payment on Bond
Union Bank of India has completed the full redemption of a bond tranche, confirming the timely payment of principal along with annual interest to investors. The transaction details concern a call option exercised by the bondholders, which led to the settlement process being finalized on June 24, 2026.The company confirmed that the specified bond debt has been fully redeemed, and the associated payments were completed according to the terms agreed upon with the investors and based on the relevant beneficiary position record date.
Details regarding the redemption transaction are summarized below:
| Detail | Specification |
|---|---|
| ISIN | INE692A08144 |
| Type of Redemption | Full |
| Reason for Redemption | Call Option |
| Redemption Date (Call Option) | 24-06-2026 |
| Quantity Redeemed | 8,500 Non-Convertible Debentures (NCDs) |
| Due/Actual Redemption Date | 24-06-2026 |
| Amount Redeemed | ₹ 908,51,15,010.00 (Principal and Coupon amount) |
| Outstanding Amount | Nil |
| Date of Last Interest Payment | June 24, 2025 |
The bond redemption was executed on a lot basis, marking the full settlement of the obligation. The total redeemed amount accounted for both the principal amount and the coupon interest payable to the investors.
UNIONBANK Stock Price Movement
Union Bank of India shares settled in the post-market session, shedding 0.07% to close at ₹174.83 after trading activity for the day. The stock saw movements within its intraday range and was traded with a volume totaling approximately 13.08 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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