Union Bank of India Executes ₹543.65 Crore Bond Redemption Under Call Option
Union Bank of India has completed the full redemption and annual interest payment of bonds worth ₹543.65 crore under ISIN INE692A08110, in compliance with SEBI LODR norms.
New Delhi: Union Bank of India has confirmed the timely payment of principal and annual interest on its bonds bearing ISIN: INE692A08110, in compliance with Regulation 57 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Bank informed the stock exchanges that the full redemption of the bonds, along with the applicable annual interest, was successfully completed on 15 December 2025 through the exercise of a call option, as per the terms of issuance and investor mandate.
A total of 5,000 Non-Convertible Debentures (NCDs) were redeemed on a lot basis, amounting to ₹543.65 crore, inclusive of both principal and coupon payment. Following the redemption, no outstanding amount remains against the said bond issue.
The interest payment record date was duly observed, and applicable Tax Deducted at Source (TDS) has been deducted as per prevailing norms. The Bank also confirmed that the previous interest payment on the bond was made on 15 December 2024.
This timely fulfilment of financial obligations underscores Union Bank of India’s strong governance framework, commitment to regulatory compliance, and focus on maintaining investor confidence in the capital markets.