Union Bank of India has informed the Exchange about Fund raising through issue of Long-Term Bonds for financing of infrastructure & affordable housing of ₹7,500 crore (Base issue size of ₹3,000 Crore and Green shoe option of ₹4,500 Crore)
UNIONBANK · price
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Union Bank of India raised ₹3,000 crore by issuing long-term bonds on a private placement basis to fund infrastructure and affordable housing lending. The issue was oversubscribed 3.12 times, receiving total bids of ₹9,379.82 crore from 48 qualified institutional buyers, of which 14 bids were accepted. The bonds carry a coupon rate of 7.16% per annum and were issued at ₹1,00,000 per bond (3,00,000 bonds in total). The bank has a green shoe option to raise an additional ₹4,500 crore if needed, taking the total potential issue size to ₹7,500 crore. The bonds were allotted on March 24, 2026, and are senior, rated, listed, unsecured, redeemable, taxable, and transferable non-convertible debentures.
This is a routine infrastructure bond issuance with no equity dilution, so existing shareholders are unaffected. The 3.12x oversubscription and competitive 7.16% coupon suggest healthy investor appetite for the bank's debt, and the proceeds will help expand the bank's lending book in priority sectors.