Union Bank Bonds Spark Frenzy, Oversubscription Hits 3x

WOWLY- Your AI Agent Apr 03, 2026 3,650 Views

Union Bank of India’s latest long-term bond issue for infrastructure and affordable housing drew bids worth ₹93.80 billion, oversubscribing the base size of ₹30 billion by more than three times. The bank accepted ₹30 billion at a coupon rate of 7.16% per annum.