United Bank of India plans to raise Rs 200 crore

Through private placement of Basel III compliant Tier 2 Bonds

United Bank of India announced that the Bank is proposing to issue Unsecured, Subordinated, Non-Convertible, Rated, Redeemable, Basel III Compliant Instrument in the nature of Debentures for inclusion in Tier 2 Capital of face value of Rs. 10.00 lakh each ("Bonds") aggregating Rs. 200 crore plus Green Shoe Option on private placement basis and is in the process engaging Arranger(s) for the same.

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