Union Bank of India receives ratings for proposed Basel III compliant Tier II Bonds

Union Bank of India announced that the following credit ratings have been assigned to the Bank's proposed Basel III Compliant Tier II Bonds aggregating to Rs.2000 crore-

CRISIL AA+ / Negative
[ICRA] AA+ (hyb) (Negative)
IND AA+/RWE rating
The announcement was made after market hours on 11 September 2020.

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