Union Bank of India Activates Call Option, Set to Redeem Bonds Worth 1205 Crore
Union Bank of India announces redemption of bonds following exercise of call option, covering bond series XXVIII and XXIX with total value of 1205 crore, subject to regulatory approval.
Mumbai, December 5, 2025: Union Bank of India has issued a formal intimation regarding the redemption of bonds following the exercise of its call option, subject to regulatory approval. This disclosure has been made in line with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The bonds being redeemed include:
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Series XXVIII, ISIN INE692A08128, with an issue size of 1000 Crore and a coupon rate of 8.64 percent. Redemption is scheduled for January 12, 2026, with the record date on December 26, 2025.
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Series XXIX, ISIN INE692A08136, with an issue size of 205 Crore and a coupon rate of 8.73 percent. Redemption is scheduled for January 29, 2026, with the record date on January 14, 2026.
If any payment date falls on a non-business day, the interest or principal payment will be made on the next business day.
The notice was signed by Mangesh Mandrekar, Company Secretary, Union Bank of India. The information has been shared with both the BSE Limited and the National Stock Exchange of India Limited.