Union Bank of India has announced the exercise of a call option on certain bonds. The redemption payment for bonds with ISIN INE692A08128 will be December 12, 2026, and for bonds with ISIN INE692A08136, it will be January 29, 2026. This action is subject to regulatory approval.
Call Option Exercised
Union Bank of India has exercised the call option on some of its bonds. The details are as follows:
Bond Redemption Details
Bond Series XXVIII
- ISIN: INE692A08128
- Issue Size: ₹ 1000 Crores
- Coupon Rate: 8.64%
- Date of Redemption Payment: 12-01-2026
- Record Date: 26-12-2025
Bond Series XXIX
- ISIN: INE692A08136
- Issue Size: ₹ 205 Crore
- Coupon Rate: 8.73%
- Date of Redemption Payment: 29-01-2026
- Record Date: 14-01-2026
If any coupon or redemption payment date falls on a non-business day, the payment will be made on the next business day. Consequently, payment for ISIN INE692A08128 is scheduled for 12-01-2026 instead of 11-01-2026.
Source: BSE