Union Bank of India Issues US$600M Senior Unsecured Notes

Union Bank of India has announced the issuance of US$600 million in Senior Unsecured Dual Tranche Notes. The notes are divided into two tranches: US$300 million due 2029 with a 5.230% coupon and US$300 million due 2031 with a 5.417% coupon. These notes were offered outside the United States under Regulation S of the U.S. Securities Act of 1933. The issuance aims to raise capital through its DIFC Branch. The notes will be listed on NSE IFSC Limited. The issue date was August 28, 2026, with maturity dates in 2029 and 2031 respectively. The notes are unsecured and have no special rights or privileges.