Union Bank Exercises Call Option on ₹3,500 Cr Tier-1 Bonds
Mumbai, October 30, 2026: Union Bank of India has informed the stock exchanges about the exercise of Call Option for the redemption of two series of Basel III compliant Tier-1 bonds.
Details of Bonds under Call Option
|
Particulars |
Series XXXII |
Series XXXIII |
|---|---|---|
|
ISIN |
INE692A08169 |
INE692A08177 |
|
Issue Size |
₹2,000 Crore |
₹1,500 Crore |
|
Coupon Rate |
8.70% |
8.40% |
|
Call Option Due Date |
22 November 2026 |
20 December 2026 |
|
Redemption Payment Date |
21 November 2026 |
19 December 2026 |
|
Record Date |
07 November 2026 |
05 December 2026 |
As per the Information Memorandum, if the Call Option Due Date falls on a non-Business Day, the payment will be made on the immediately preceding Business Day along with interest accrued until but excluding the date of such payment.
The intimation has been submitted under Regulation 30 and 60(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.