United Bank of India to raise Rs 200 crore through AT-1 bond issue

Issue proposed to open on 23 September 2015

United Bank of India announced that the Bank proposes to issue and allot through private placement rated, unsecured, non-convertible, perpetual, listed BASEL-III compliant Additional Tier-1 Bonds of Face Value of Rs. 10.00 lac per Bond aggregating up to Rs.200 crore including oversubscription.

The issue is proposed to open on 23 September 2015 and close on 28 September 2015.

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