Union Bank Raises ₹3,000 Crore via Long-Term Bond IssuanceUnion Bank Raises ₹3,000 Crore via Long-Term Bond Issuance

Introduction

Leading public sector bank raises ₹3,000 crore via 10-year bonds at 7.16% coupon through private placement for infrastructure and affordable housing financing.

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Share price movement of Union Bank of India

On March 23, 2026, Union Bank of India opened at ₹174.50, down -1.77% from its previous close of ₹177.65. It reached a high of ₹174.50 (-1.77%) and a low of ₹167.90. By 4:00 PM, it traded at ₹169.77, a -4.44% decrease, with a market cap of ₹1,28,626.25 crore.

₹3,000 Cr Bond Issue Oversubscribed 3.12 Times

Union Bank of India raised ₹3,000 crore through long-term bonds on March 20, 2026, via private placement to Qualified Institutional Buyers on NSE’s Electronic Bidding Platform. The 10-year bonds carry a coupon rate of 7.16% per annum.

The issue attracted bids of ₹9,379.82 crore from 48 bidders, resulting in an oversubscription of 3.12 times the base issue size. The bank accepted bids from 14 bidders, with the deemed date of allotment set as March 24, 2026.

The bonds are senior, unsecured, non-convertible, redeemable, and listed instruments issued in the nature of debentures. Proceeds will finance infrastructure and affordable housing projects as part of the bank’s approved fundraising plan of up to ₹20,000 crore.

Stock performance of Union Bank of India  for Period of 1 week, 6 months, and 1 year

Union Bank of India delivered a 1-week return of 1.16%, a 6-month return of 27.6%, and a 1-year return of 45.0%.

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Shareholding Pattern of Union Bank of India

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	74.80%	74.80%	74.80%
FII	8.10%	7.90%	7.70%
DII	11.90%	11.70%	11.90%
Public	5.20%	5.70%	5.60%

About Union Bank of India

Union Bank of India (NSE: UNIONBANK), a public sector bank, provides banking services including government business, merchant banking, insurance, mutual funds, and wealth management.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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