UCO Bank has received board approval to raise USD 1.00 Billion in foreign currency through the issuance of Debt Instruments under a Medium Term Note (MTN) Programme. This move aims to strengthen the bank’s capital base and provide flexibility in its funding strategy. The approval was granted during a board meeting held on August 24, 2026.
Board Approves Major Debt Issuance
UCO Bank’s Board of Directors, during a meeting held on August 24, 2026, has given its in-principle approval for raising significant foreign currency funds. The bank plans to raise up to USD 1.00 Billion, which may be executed in one or more tranches.
Medium Term Note Programme
The foreign currency funds will be raised through the issuance of Debt Instruments under a Medium Term Note (MTN) Programme. This strategic financial decision is expected to enhance the bank’s liquidity and provide a diversified source of funding in the international market. The board meeting commenced at 02:45 P.M. and concluded at 04:50 P.M. on the same day.
Source: BSE
