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Informist, Monday, Mar. 16, 2026

 

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--Union Bank of India to issue long-term bonds worth up to INR 200 bln 
--Union Bk to issue long-term bonds for infra, affordable housing 
--Union Bk to issue long-term bonds in one or more tranches 
--Union Bk may raise up to INR 75 bln via 10-year bonds before Mar 31 
--Union Bk to issue green bonds worth up to INR 50 bln in 1 or more tranches 
 

 

MUMBAI – Union Bank of India said its board had approved plans to raise up to INR 200 biilion through long-term bonds to fund infrastructure and affordable housing projects. It will issue the long-term bonds in one or more tranches, the bank said in a filing with bourses Monday. The bank will also explore raising up to INR 75 billion before Mar. 31, including a base issue of INR 30 billion and a greenshoe option of INR 45 billion, for a tenor of 10 years.

 

The bank also received approval to issue green bonds worth up to INR 50 billion, which will be raised in one or more tranches. The fundraising plan is aimed to expand the bank's presence in sustainable finance markets.

 

For the December quarter, the bank reported a net profit of INR 50.17 billion on total income of INR 309.84 billion. At 1132 IST, shares of the bank traded nearly 1% higher at INR 175.35 on the National Stock Exchange. End

 

Reported by Divya Moolayattil

Edited by Tanima Banerjee

 

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