Union Bank of India Issues US$600 Million in Senior Unsecured Notes
Union Bank of India issued US$600 million in Senior Unsecured Notes due 2029 and 2031. The notes carry fixed semi-annual coupons of 5.230% and 5.417% respectively. The issuance occurred on 28 August 2026 and will be listed on NSE IFSC Limited.
The issuance of debt will impact the bank's capital structure and funding costs, but it is a standard practice for large banks to raise funds through such instruments.
The announcement is a routine debt issuance and does not contain information that would significantly alter the bank's financial standing or market perception.
Union Bank of India has announced the issuance of US$600 million in Senior Unsecured Notes through its DIFC Branch. The issuance comprises two tranches: US$300,000,000 in 5.230% Senior Unsecured Notes due 2029 and another US$300,000,000 in 5.417% Senior Unsecured Notes due 2031.
The notes are offered outside the United States in accordance with Regulation S under the U.S. Securities Act of 1933. The issue date for both tranches is 28 August 2026. The 2029 Notes will mature on 28 August 2029, while the 2031 Notes will mature on 28 August 2031.
Both series of notes will bear a fixed semi-annual coupon, with the first coupon payment scheduled for 28 February 2027. The notes will be listed on NSE IFSC Limited. The issuance involves 98 allottees for the 2029 Notes and 119 allottees for the 2031 Notes. These disclosures are made in compliance with SEBI (LODR) Regulations, 2015.
A plain-language summary of a public exchange filing by Union Bank of India. Read the original for the full detail.