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Prospect News home > News index > List of issuers U > Headlines for Union Bank of India > News item
Published on 8/12/2016 in the Prospect News Emerging Markets Daily.

Union Bank of India plans Rs. 20 billion additional tier 1 bonds

By Marisa Wong

Morgantown, W.Va., Aug. 12 – Union Bank of India said it intends to raise capital funds through additional tier 1 bonds.

Specifically, the bank is proposing to issue Rs. 20 billion of Basel III-compliant tier 1 bonds.

The lender is based in Mumbai.


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