You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Union Bank of India gains on allotting AT-1 bonds worth Rs 2000 cr

Capital Market 

Union Bank of India rose 2.85% to Rs 45.10 after the bank said that it has allotted unsecured, subordinated, non-convertible, taxable, perpetual, fully paid-up basel-III compliant additional tier- 1 (AT-1) bonds aggregating to Rs 2000 crore.

The announcement was made after market hours yesterday, 22 November 2021.

Union Bank of India is a state-run bank. The Government of India held 83.49% stake in the bank as on 30 September 2021.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, November 23 2021. 09:31 IST