Intimation of Call option exercised by the Bank for the Bond ISIN INE692A08144

UNIONBANK · price

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Price reaction · full curve 14 horizons · vs prior close

-3.5%1-day move

₹168.42

prior close

₹168.00

base price

After-mkt

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AI summary

Union Bank of India has exercised its call option to redeem bonds bearing ISIN INE692A08144. The bond has an issue size of ₹850 crores with a coupon rate of 7.19% per annum. The redemption payment (principal plus coupon) will be made on June 24, 2026, with the record date set for June 9, 2026. This action is being undertaken pursuant to SEBI Listing Regulations 30 and 60(2). The bank has notified BSE, NSE, and the trustee (IDBI Trusteeship Services Ltd.) of this redemption.

Likely market impact

Bondholders will receive their principal back along with accrued coupon interest on June 24, 2026. For the bank, this reduces its debt obligations and interest burden, potentially improving its cost of funds if market rates are now lower than the 7.19% coupon.