Union Bank of India Raises ₹3,000 Crore Via Long-Term Bonds
Union Bank of India raised ₹3,000 crore via Long-Term Bonds at a 7.16% coupon rate. The issue was oversubscribed 3.12 times. Bids totaling ₹9,379.82 crore were received for the ₹3,000 crore base issue with a ₹4,500 crore green shoe option.
The fundraising of ₹3,000 crore will strengthen the bank's capital base for infrastructure and affordable housing financing, which is a significant amount for the bank.
The bank successfully raised capital through bond issuance, which was oversubscribed, indicating strong investor confidence and demand for the bank's debt instruments.
Union Bank of India has successfully raised ₹3,000 crore through the issuance of Long-Term Bonds on a Private Placement Basis. The issue, aimed at financing infrastructure and affordable housing, had a base issue size of ₹3,000 crore with a green shoe option of ₹4,500 crore. The bank received bids totaling ₹9,379.82 crore from Qualified Institutional Buyers, indicating an oversubscription of 3.12 times against the base issue size.
The bank decided to accept bids amounting to ₹3,000 crore at a cut-off coupon rate of 7.16% per annum. The bonds are senior, rated, listed, unsecured, redeemable, taxable, and transferable Long-Term fully paid-up Non-Convertible Bonds in the nature of Debentures. The issue opened and closed on March 20, 2026, with a deemed date of allotment set for March 24, 2026. A total of 48 bids were received, and 14 bids were accepted.
This fund-raising exercise is in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015.
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Union Bank of India filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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