Union Bank Of India 8.93% Bond · 8 Nov 2029

Bond terms

Coupon frequency

At maturity

Interest type

Fixed Interest

Face value

₹10,00,000

Allotment date

8 Nov 2019

Security

Unsecured

Seniority

Subordinate Tier 2

Day-count convention

Not available

Reported tax category

Taxable

Interest & repayment

Interest payments

PAYABLE ANNUALLY STARTING FROM 08/11/2020,08/11/2021 AND SO ON TILL MATURITY.

Redemption terms

N.A

Call provisions

IF A TAX EVENT HAS OCCURRED AND CONTINUING THEN THE ISSUER MAY SUBJECT TO REQUIREMENT SET OUT IN POINTS (A) TO (D) IN 30 (I) OF TERM SHEET AND HAVING NOTIFIED THE TRUSTEE NOT LESS THAN 21 CALENDER DAYS PRIOR TO THE DATE OF EXERCISE OF SUCH TAX CALL OR VARIATION MAY EXERCISE A CALL ON THE BONDS OR SUBSTITUE THE BONDS OR VARY THE TERMS OF THE BONDS SO THAT THE BONDS HAVE BETTER CLASSIFICATION. CONTACT ISSUER FOR MORE DETAILS

Put provisions

Put terms are not available. Check whether you can request early repayment.

Credit ratings

Ratings can change. Check the agency’s latest report for this ISIN. How to read ratings

Issuer & listing details

Issuer

Union Bank Of India

ISIN

INE112A08051

Debenture trustee

IDBI Trusteeship Services Limited

Registrar

KFIN TECHNOLOGIES PRIVATE LIMITED

NSE · reported status

Listed

BSE · reported status

Listed

Security name

UNION BANK OF INDIA SR II 8.93 LOA 08NV29 FVRS10LAC

Bond description

8.93% UNSECURED LISTED RATED SUBORDINATED REDEEMABLE NON CONVERTIBLE TAXABLE BASEL III COMPLIANT TIER II BONDS IN THE NATURE OF DEBENTURES. SERIES II. LETTER OF ALLOTMENT. DATE OF MATURITY 08/11/2029