Union Bank of India approves issuance of bonds up to ₹25,000 crore | Business Upturn

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Union Bank of India has announced plans to issue long-term bonds and green bonds totalling up to ₹25,000 crore. The decision was made during a meeting of the Committee of Directors for fund raising held on 16th March 2026.

The bank aims to raise up to ₹20,000 crore through long-term bonds in one or more tranches, specifically for financing infrastructure and affordable housing projects. As part of this plan, Union Bank of India may explore raising ₹7,500 crore, including a base issue of ₹3,000 crore and a green shoe option of ₹4,500 crore, with a tenor of 10 years before 31st March 2026. Additionally, the bank plans to issue green bonds or sustainable bonds amounting to ₹5,000 crore in one or more tranches.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

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TOPICS: Ashish Mishra Mumbai Union Bank of India