Announced Wed, 5 Aug · 15:33 IST
Union Bank to redeem Rs 1000 Cr bonds via call option
UNIONBANK · price
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Price reaction · full curve 14 horizons · vs prior close
+4.9%1-day move
₹174.90
prior close
₹176.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.0-0.1+0.2+4.9+3.6+4.2+6.9+6.6+8.0————
Up moveDown movePending
AI summary
Union Bank of India is exercising call option to redeem its Series XX bonds (ISIN INE692A08029) worth Rs 1000 crores. These bonds carry a 9.50% coupon rate. The redemption payment date is 15 September 2026, with record date set for 31 August 2026. By redeeming these high-cost bonds early, the bank will reduce its future interest expenses and overall debt burden.
Likely market impact
Positive for shareholders as bank reduces high-cost debt at 9.50% coupon, lowering future interest expenses and improving profitability.