Key Quantitative Figures
- Quantity of NCDs Redeemed: 8,500
- Total Amount Redeemed: ₹908,51,15,010.00 (Principal and Coupon amount)
- Outstanding Amount Post-Redemption: ₹ Nil
Dates of Action
- Due Date for Redemption / Maturity: June 24, 2026
- Actual Date of Redemption: June 24, 2026
- Date of Last Interest Payment: June 24, 2025
- Disclosure Date: June 24, 2026
Parties Involved
- Issuer: Union Bank of India
- Trustee: M/s IDBI Trusteeship Services Ltd. (cc'd on the communication)
- Stock Exchanges: BSE Ltd. (Scrip Code: 532477) and National Stock Exchange of India Ltd. (Scrip Symbol: UNIONBANK-EQ)
Purpose and Rationale
The redemption was executed pursuant to a call option embedded in the bond terms. The redemption type was full (not partial) and was carried out on a lot basis.
Financial and Operational Impact
The entire principal and accrued interest for the specified bond series has been paid. The bank confirms that the outstanding amount for this issue is now nil. Applicable TDS was deducted from the payments.