Union Bank of India to Raise ₹20,000 Crore via Infrastructure Bonds

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Union Bank of India to raise Rs 20,000 cr via infra bonds; Rs 5,000 cr via green bonds

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News18•16-03-2026, 22:30

Union Bank of India to raise Rs 20,000 cr via infra bonds; Rs 5,000 cr via green bonds

•Union Bank of India's board approved raising Rs 20,000 crore through infrastructure bonds.
•Funds will finance various projects, including infrastructure and affordable housing.
•The bank may raise Rs 7,500 crore (Base Issue Rs 3,000 crore + Green shoe option Rs 4,500 crore) with a 10-year tenor before March 31.
•Board also approved issuing up to Rs 5,000 crore via green bonds/sustainable bonds.

Read Full Article on News18 in English

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