Loan & Debt30 Jul 2026, 05:41 pm
Union Bank of India Approves USD 2 Billion Debt Fundraising
AI Summary
Union Bank of India's Board of Directors, in a meeting held on July 30, 2026, approved the raising of foreign currency funds up to USD 2.00 Billion. This fundraising will be conducted through a Medium Term Note Programme in tranches, by issuing debt instruments via the bank's Dubai and/or Sydney branches. The board meeting commenced at 03:45 P.M. and concluded at 05:25 P.M.
Key Highlights
- Board approved raising USD 2 Billion in foreign currency funds.
- Fundraising will be via a Medium Term Note Programme.
- Debt instruments will be issued through Dubai and/or Sydney branches.
- The approval is for debt fund raising.
Price Impact
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