Union Bank of India
Union Bank of India is engaged in the Business of Banking Services, Government Business ,Merchant Banking, Agency Business Insurance, Mutual Funds, Wealth Management etc.
What Union files
- Investor Meet145
- Others107
- Updates41
- Important37
- Credit Ratings15
- Board Meeting12
Union Bank of India successfully raised US$600 million via two tranches of senior unsecured notes. US$300 million is due 2029 at 5.23% coupon, and US$300 million due 2031 at 5.417% coupon. This funding enhances the bank's financial resources.
Union Bank's Dubai branch issued US$600 million senior unsecured notes. This includes a $300 million tranche (3-year, 5.230% coupon) and another $300 million tranche (5-year, 5.417% coupon). Proceeds will fund its DIFC branch and general corporate purposes.
Union Bank announced its 24th Annual General Meeting (AGM) will be held via VC/OAVM. Key agenda items include dividend payment. A record date for e-voting and dividend eligibility is set, followed by a book closure period.
Union Bank's promoter, the President of India, maintains a 74.76% stake (5,70,66,60,850 shares). Importantly, no shares were encumbered by the promoter, signalling stable ownership for investors.
Union Bank's committee approved raising up to 20,000 Cr via Long-Term Bonds for infra/housing, with 7,500 Cr targeted for a 10-year tenor. Additionally, up to 5,000 Cr in Green/Sustainable Bonds were approved. This boosts future financing capacity.