Union Bank of India Exercises Call Option on Bonds

Union Bank of India has exercised its call option to redeem two series of Basel III compliant Tier-1 bonds. The first series, ISIN INE692A08169, with an issue size of ₹2000 Crores and a coupon rate of 8.70%, will be redeemed on November 21, 2026. The second series, ISIN INE692A08177, with an issue size of ₹1500 Crores and a coupon rate of 8.40%, will be redeemed on December 19, 2026. The record dates for these redemptions are November 7, 2026, and December 5, 2026, respectively. This action is in accordance with SEBI (Listing Obligation and Disclosures Requirements) Regulations 2015.