Key Quantitative Figures
- Bond Series: Basel III Compliant Tier II Series XXII
- ISIN Number: INE692A08045
- Issue Size: ₹750 Crores
- Coupon Rate: 7.74% per annum
Dates of Action
- Due Date of Redemption: 24th November 2026
- Date of Redemption Payment: 23rd November 2026
- Record Date: 9th November 2026
The payment is scheduled for 23rd November 2026 because the contractual due date of 24th November 2026 is a non-business day. The payment will therefore be made on the immediately preceding business day.
Parties Involved
- Issuer: Union Bank of India
- Recipients of Intimation: BSE Ltd. and National Stock Exchange of India Ltd.
- Copied to: M/s IDBI Trusteeship Services Ltd. (the bond trustee)
Financial Impact
The redemption of the ₹750 crore bond series represents a cash outflow for the bank on the payment date. The action is a part of the bank's capital management and liability structure.
Signature and Authentication
The letter was signed and digitally authenticated by Ashish Mishra, Company Secretary of Union Bank of India, on 30th October 2026 at 18:35:27 IST. The document reference number is ISD/244/2026-27.