Bond Directory / UNION BANK OF INDIA

UNION BANK OF INDIA

DELETED

8.63% UNSECURED REDEEMABLE NON CONVERTIBLE BONDS IN THE NATURE OF DEBENTURES. SERIES B. LETTER OF ALLOTMENT. DATE OF MATURITY 18/12/2025

ISIN

INE434A08034

Copied

Essentials

Coupon Rate (Returns)

8.63%

Rating

AA+  CARE Ratings Limited

Interest Payment Frequency

ANNUALLY

Once Every Year

Maturity after

-3 years -3 months

Feb 03, 2021

Face Value

₹10,00,000

Coupon Type

Simple

Can be returned to Issuer?

Yes - Call Available

Put option exercised at

Data Not Available

Issue Details

Issue Size

500 Crores

Issue Price

₹10,00,000

Security class

Bond

Listing details

NSE & BSE

Debenture Trustee

IDBI TRUSTEESHIP SERVICES LIMITED

Issue

Private Placement

Issuer Details

UNION BANK OF INDIA

Business Sector

Finance

Issuer Nature type

Bank

Issuer Ownership

Non PSU

Factors

*Rating Agency -CARE Ratings Limited

Issue Size

Large

Rating Category*

AA

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

Factors

Issue Size

Large

Rating Category*

AA

Tax Saving

No

Mode of Issuance

Private Placement

Coupon Type

Simple

*Rating Agency - CARE Ratings Limited

Note: Pursuant to the provisions of Section 193 of the Income Tax Act, 1961, as amended, effective from 1st April 2023, TDS will be deducted at the rate of 10% (or such other rates as may be notified from time to time) on any interest payable on any security issued by a company other than securities issued by the Central Government or a State Government. The listing of products above: (a) should not be considered an advertisement, endorsement, or recommendation to invest. Please use your own discretion before you transact. (b) is in compliance with regulatory framework as applicable for Online Bond Platform Provider (c) at their given price or yield are subject to availability and market cut-off timings.

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

AA+

(Oct 07, 2019)

Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Credit Outlook

Negative

A Negative outlook indicates that the Rating may be lowered

Rating Watch

Not Applicable

Not Applicable

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Senior

Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

What other details I need to know?

Other Important bond related information that can help you with decision making

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

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