Union Bank of India has issued an intimation to BSE Ltd. and the National Stock Exchange of India Ltd. regarding the exercise of a call option on a specific series of its bonds, leading to their redemption.
The disclosure is made pursuant to Regulation 30 and 60(2) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
The key details of the bond redemption are as follows:
- Bond Series: XX
- ISIN Number: INE692A08029
- Issue Size: ₹1000 Crores
- Coupon Rate: 9.50%
- Date of Redemption Payment: 15 September 2026
- Record Date: 31 August 2026
The letter was digitally signed and issued by Ashish Mishra, Company Secretary of Union Bank of India. A copy of the intimation has been sent to the bond trustee, M/s IDBI Trusteeship Services Ltd.