Union Bank raises USD 600 million via dual tranche bonds at 5.23-5.42% coupon

Fund Raising View source PDF Explain this filing

UNIONBANK · price

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Price reactionminutes from the announcement price · days from the prior close

-0.1%Reaction day

₹185.30

prior close

₹185.01

announcement price

In-mkt

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Nifty 100market+0.2%-0.3% vs market

Public Sector Bank peers, median of 11sector-0.2%+0.1% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty 100 and 0.1 pts more than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

+1.8-0.2+2.0-1.3+3.1

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-1.5-6.5+5.0-7.8+6.3

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UpDownMarket · Nifty 100Sector · Public Sector Bank peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Union Bank of India has raised USD 600 million through its DIFC Dubai branch by issuing two tranches of senior unsecured notes listed on NSE IFSC. Tranche 1 is USD 300 million at 5.23% coupon maturing August 2029, and Tranche 2 is USD 300 million at 5.417% maturing August 2031. Notes were allotted to 98 and 119 investors respectively and are payable semi-annually.

Likely market impact

Raises USD 600 million offshore funding at competitive rates, diversifying borrowings and supporting asset growth.