Union Bank of India Shares Revised Intimation of Call Option exercised by Bank

New Delhi: Public sector lender, Union Bank of India has announced that the bank has given redemption of bond ISIN Number INE692A08128 due to exercise of Call Option by the Bank, subject to regulatory approval.

The bank has stated the revised details of Call Option exercised by the Bank of ISIN Number.

The bond series of XXVIII with issue number of INE692A08128 and size of Rs 1000 Crores with coupon rate 8.64% will be redeemed on 09-01-2026 as of record date on 26-12-2025.

Further, in an exchange filing it has been added that if any coupon/redemption payment date falls on a day which is not a business day, payment of interest/principal will be made on preceding business day.

Accordingly, payment of ISIN INE692A08128 will be made on 09-01-2026 instead of 11-01-2026.

Shares of Union Bank of India are closed at Rs 150.79, down by 1.79 percent at BSE.