Union Bank of India shines on raising Rs 1500 crore through bonds
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Union Bank Of India is currently trading at Rs. 41.65, up by 0.65 points or 1.59% from its previous closing of Rs. 41.00 on the BSE.
The scrip opened at Rs. 41.90 and has touched a high and low of Rs. 42.00 and Rs. 41.55 respectively. So far 51775 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 54.80 on 09-Nov-2021 and a 52 week low of Rs. 32.20 on 22-Apr-2021.
Last one week high and low of the scrip stood at Rs. 42.00 and Rs. 39.35 respectively. The current market cap of the company is Rs. 28022.46 crore.
The promoters holding in the company stood at 83.49%, while Institutions and Non-Institutions held 8.21% and 8.30% respectively.
Union Bank of India has raised Rs 1500 crore through Unsecured, Subordinated, Non-Convertible, Taxable, Perpetual, Fully Paid-Up Basel III Compliant Additional Tier- 1 Bonds in the nature of Debentures eligible for inclusion in Tier 1 Capital (Bonds) Series XXXIV. The bonds carry coupon rate of 8.50 per cent per annum.
Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.
