Union Bank of India Raises ₹7,500 Crore Through Long-Term Bond Issue
Union Bank of India successfully raised ₹7,500 crore through the issuance of Long-Term Bonds, earmarked for infrastructure and affordable housing financing. The bond issue, offered on a private placement basis to Qualified Institutional Buyers, garnered significant investor interest, with bids totaling ₹9,379.82 crore.The offering was oversubscribed by 3.12 times against the base issue size of ₹3,000 crore. The bank accepted bids amounting to ₹3,000 crore at a coupon rate of 7.16% per annum.
Key details of the bond issuance are outlined below:
| Sl No | Particulars | Details |
|---|---|---|
| 1 | Issue Type | Senior, rated, listed, unsecured, redeemable, taxable, transferable Long Term fully paid- up Non-Convertible Bonds in the nature of Debentures ('Bonds') |
| 2 | Accepted Issue Size | Base issue size of ₹ 3,000 crores |
| 3 | Coupon Rate | 7.16% P.A. |
| 4 | No of Bonds | 3,00,000 bonds of ₹1 ,00,000 each |
| 5 | Issue Opened on | 20th March 2026 |
| 6 | Issue Closed on | 20th March 2026 |
| 7 | Deemed Date of Allotment | 24th March 2026 |
| 8 | No of bids received | 48 |
| 9 | EBP | NSE Electronic Bidding Platform |
| 10 | No of bids accepted | 14 |
The bond issue was conducted through the NSE Electronic Bidding Platform. The deemed date of allotment is March 24, 2026. This news follows a previous communication dated March 16, 2026.
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