Date: 28 August 2026
Fundraising / Financing
Union Bank of India ("Bank") has issued US$ REG S Senior Unsecured Dual Tranche Notes through its DIFC Branch. The issuance consists of two separate tranches:
2029 Notes Details:
- Issue Type: Regulation S under the U.S. Securities Act of 1933
- Issue Size: US$ 300,000,000
- Coupon Rate: 5.230% per annum, fixed, semi-annual payments
- Issue Date: 28 August 2026
- Maturity Date: 28 August 2029
- Denomination: U.S.$200,000 of principal amount and integral multiples of U.S.$1,000 in excess thereof
- Security Type: Senior Unsecured Notes
- Listing: NSE IFSC Limited
- Payment Schedule: Semi-annually on 28 February and 28 August each year
- First Coupon Payment: 28 February 2027
- Form: Registered form represented by beneficial interests in a global certificate
- Depositary: Euroclear Bank SA/NV and Clearstream Banking S.A., Luxembourg
- Number of Allottees: 98
- Special Rights/Privileges: None
2031 Notes Details:
- Issue Type: Regulation S under the U.S. Securities Act of 1933
- Issue Size: US$ 300,000,000
- Coupon Rate: 5.417% per annum, fixed, semi-annual payments
- Issue Date: 28 August 2026
- Maturity Date: 28 August 2031
- Denomination: U.S.$200,000 of principal amount and integral multiples of U.S.$1,000 in excess thereof
- Security Type: Senior Unsecured Notes
- Listing: NSE IFSC Limited
- Payment Schedule: Semi-annually on 28 February and 28 August each year
- First Coupon Payment: 28 February 2027
- Form: Registered form represented by beneficial interests in a global certificate
- Depositary: Euroclear Bank SA/NV and Clearstream Banking S.A., Luxembourg
- Number of Allottees: 119
- Special Rights/Privileges: None