Loan & Debt25 Aug 2026, 07:30 am
Union Bank of India Issues US$300M Senior Unsecured Notes
AI Summary
Union Bank of India has announced the issuance of US$300,000,000 worth of US REG S Senior Unsecured Dual Tranche Notes due 2029 (3 years) and 2031 (5 years). The notes, issued through the Bank's DIFC Branch in Dubai, are expected to be rated BBB / BBB- by S&P Global and Fitch. The proceeds will be used to meet funding requirements, develop business for the DIFC Branch, and for general corporate purposes. The notes are proposed to be listed on NSE IFSC Limited.
Key Highlights
- Union Bank of India issued US$300M in dual-tranche senior unsecured notes.
- Notes mature in 3 and 5 years, with coupon rates of 5.230% and 5.417%.
- Proceeds to fund DIFC Branch operations and general corporate needs.
- Expected to be rated BBB / BBB- by S&P Global and Fitch.
- Proposed listing on NSE IFSC Limited.
Price Impact
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