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Business Standard

Union Bank likely to sell tier-2 bonds worth Rs 2,000 crore next week

Tier-2 bond sale plan comes amid sharp decline in bond yields

Topics
Union Bank | bank bonds | Finance Ministry

BS Reporter  |  Mumbai 



Union Bank of India
The state-owned bank’s planned bond issuance comes amid a recent decline in yields on government bonds and consequently corporate debt

lender of India is likely to issue tier-2 bonds worth Rs 2,200 crore next week in order to raise capital and fund strong demand for credit, sources told Business Standard.

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First Published: Tue, November 22 2022. 19:44 IST

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