While Oriental Bank of Commerce (OBC) said it will raise over Rs 178 crore by selling stake to LIC.
"Union Bank of India has issued 10,000 basel III compliant Tier II bonds of face value of Rs 10 lakh each aggregating to Rs 1,000 crore on private placement basis", it said in a filing on BSE.
The bonds, issued for a 10 year tenure, bears 8.61 per cent per annum of coupon rate.
The Bonds are rated IND AA+ by India Rating, the bank said.
UBI shares closed flat at Rs 124.60 apiece on BSE today, while, OBC scrips ended 2.95 per cent down at Rs 85.55 a share.
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