Union Bank of India has announced a Board Committee meeting scheduled for Monday, March 16, 2026. The primary agenda is to discuss and approve the potential issuance of debt instruments, specifically Long-Term Bonds for infrastructure and affordable housing financing, and/or Green/Sustainable Bonds. This planned issuance falls under the Non-Capital fund-raising category for the bank.
Intimation of Committee Meeting for Debt Issuance
Union Bank of India has officially informed stock exchanges regarding a forthcoming meeting of the Committee of Directors designated for Fund Raising (Non-Capital). The meeting is scheduled to take place on Monday, March 16, 2026.
Agenda for Fund Raising
The central purpose of this meeting is to deliberate upon and seek approval for the issuance of specific debt instruments. The proposed instruments include:
- Long-Term Bonds: These funds are earmarked for financing infrastructure projects and affordable housing initiatives.
- Green Bonds / Sustainable Bonds: The bank will also consider issuing bonds dedicated to environmental and sustainable financing purposes.
This strategic move aims to secure long-term funding outside of core equity capital for targeted development sectors.
This information was formally disclosed by the Company Secretary, Ashish Mishra, following the announcement date of March 11, 2026.
Source: BSE
