Union Bank of India Exercises Call Option on ₹1000 Cr Bond

Union Bank of India has announced the exercise of its call option for a bond series with ISIN INE692A08029. The bank will redeem bonds worth ₹1000 Crores, which carry a coupon rate of 9.50%. The redemption payment is scheduled for September 15, 2026, with a record date set for August 31, 2026. This action is in accordance with SEBI (Listing Obligation and Disclosures Requirements) Regulations 2015, specifically Regulations 30 and 60(2).