Union Bank Approves ₹20,000 Crore Bond Issuance

announced that its board has approved raising up to ₹20,000 crore through infrastructure bonds, to be issued in one or more tranches by a dedicated committee. These funds will support infrastructure projects and affordable housing initiatives. The bank plans an initial tranche of ₹7,500 crore comprising a ₹3,000 crore base issue and ₹4,500 crore green shoe option with a 10-year tenor, targeted before March 31, 2026 . Additionally, the board authorized up to ₹5,000 crore in green or sustainable bonds in multiple tranches, aligning with sustainable financing trends. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.