This information is furnished in terms of Regulation 29(1)(d), 29(2) and 50 (1) of the SEBI (Listing Regulation and Disclosure Requirements)Regulations,2015.
UNIONBANK · price
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Union Bank of India has informed the stock exchanges that a meeting of its Committee of Directors (Fund Raising - Non-Capital) is scheduled for 16th March 2026. The committee will discuss and approve the issuance of Long-Term Bonds for financing infrastructure and affordable housing, and/or Green Bonds / Sustainable Bonds. This is a prior intimation under SEBI Listing Regulations 29(1)(d), 29(2) and 50(1)(d). No specific issue size, coupon rate, or timeline has been disclosed yet.
This signals a potential debt market borrowing by Union Bank to fund infrastructure and affordable housing lending as well as green/sustainable projects. For shareholders, it indicates upcoming capital raising through bonds (not equity), which should not dilute shareholding but may affect future interest costs depending on the coupon rate decided.