Corporate Action30 Oct 2026, 06:51 pm
Union Bank of India to Redeem Bonds Worth ₹750 Crores
AI Summary
Union Bank of India has announced the redemption of its Basel Ill Compliant Tier Il Series XXII bonds, with a total issue size of ₹750 Crores. The redemption payment is scheduled for November 23, 2026, with the record date set for November 9, 2026. The coupon rate for these bonds was 7.74%. The redemption date, November 24, 2026, falls on a non-business day, hence the payment will be made on the preceding business day.
Key Highlights
- Bank to redeem ₹750 Crores of Basel Ill Compliant Tier Il Series XXII bonds.
- Redemption payment date is November 23, 2026.
- Record date for redemption is November 9, 2026.
- The bonds carried a coupon rate of 7.74%.
Price Impact
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