Prior intimation of call option exercised by the Bank for ISIN INE692A08128 AND INE692A08136
UNIONBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Union Bank of India has informed the exchanges that it is exercising the call option on two of its bond series, effectively redeeming them ahead of schedule. Bond Series XXVIII (ISIN INE692A08128) of ₹1,000 crore carrying an 8.64% coupon will be redeemed on 12 January 2026, and Bond Series XXIX (ISIN INE692A08136) of ₹205 crore at 8.73% coupon will be redeemed on 29 January 2026. The redemption is subject to regulatory approval. The record dates for bondholders are set at 26 December 2025 and 14 January 2026 respectively.
This is a routine liability management exercise by the bank to retire relatively high-cost debt (8.64-8.73%). For shareholders, it signals disciplined balance sheet management and may marginally reduce future interest expenses, though it is not expected to materially impact the stock price.